That's the internal spring that breaks in that switch. The switch will still work but it will not spring back to the center. You can get the part at www.camerasandparts.com or you can have them service it at the same time they replace the spring. Hopefully that will get you in the right direction, they're excellent if you need help with a Powershot since that is all they specialize in are the parts and repairs of these cameras. I wish you luck with the issue.
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