Abstract: By using Granier’s thermal dissipation probe, the sap flow of poplar in a poplar-maize agroforestry system in west Liaoning was continuously measured, and as well, the environmental factors such as air temperature, air humidity, net radiation, wind speed, soil temperature, and soil moisture content were synchronically measured. Based on the sap flow data, the canopy conductance of poplar was calculated with simplified Penman-Monteith equation. In the study area, the diurnal variation of poplar’s canopy conductance showed a “single peak” curve, whereas the seasonal variation showed a decreasing trend. There was a negative logarithm relationship between the canopy conductance and vapor pressure deficit, with the sensitivity of canopy conductance to vapor pressure deficit change decreased gradually from May to September. The canopy conductance had a positive relationship with solar radiation. In different months, the correlation degree of canopy conductance with environmental factors differed. The vapor pressure deficit in the whole growth period of poplar was the most significant environmental factor correlated with the canopy conductance.