I realise this is an old question, but I worked on this problem today and got it working nicely. I used Alix Axel's answer above and stripped down the code I found there (on the web.archive.org link) to the bare essentials.
I modified the solution a bit, using two canvases, one hidden canvas for the original text and a second canvas to actually show the anti-aliaised text.
Here's what I came up with... http://jsfiddle.net/X2cKa/
The code looks like this;
function alphaBlend(gamma, c1, c2, alpha) {
c1 = c1/255.0;
c2 = c2/255.0;
var c3 = Math.pow(
Math.pow(c1, gamma) * (1 - alpha)
+ Math.pow(c2, gamma) * alpha,
1/gamma
);
return Math.round(c3 * 255);
}
function process(textPixels, destPixels, fg, bg) {
var gamma = 2.2;
for (var y = 0; y < textPixels.height; y ++) {
var history = [255, 255, 255];
var pixel_number = y * textPixels.width;
var component = 0;
for (var x = 0; x < textPixels.width; x ++) {
var alpha = textPixels.data[(y * textPixels.width + x) * 4 + 1] / 255.0;
alpha = Math.pow(alpha, gamma);
history[component] = alpha;
alpha = (history[0] + history[1] + history[2]) / 3;
out = alphaBlend(gamma, bg[component], fg[component], alpha);
destPixels.data[pixel_number * 4 + component] = out;
/* advance to next component/pixel */
component ++;
if (component == 3) {
pixel_number ++;
component = 0;
}
}
}
}
function toColor(colorString) {
return [parseInt(colorString.substr(1, 2), 16),
parseInt(colorString.substr(3, 2), 16),
parseInt(colorString.substr(5, 2), 16)];
}
function renderOnce() {
var phrase = "Corporate GOVERNANCE"
var c1 = document.getElementById("c1"); //the hidden canvas
var c2 = document.getElementById("c2"); //the canvas
var textSize=40;
var font = textSize+"px Arial"
var fg = "#ff0000";
var bg = "#fff9e1";
var ctx1 = c1.getContext("2d");
var ctx2 = c2.getContext("2d");
ctx1.fillStyle = "rgb(255, 255, 255)";
ctx1.fillRect(0, 0, c1.width, c1.height);
ctx1.save();
ctx1.scale(3, 1);
ctx1.font = font;
ctx1.fillStyle = "rgb(255, 0, 0)";
ctx1.fillText(phrase, 0, textSize);
ctx1.restore();
var textPixels = ctx1.getImageData(0, 0, c1.width, c1.height);
var colorFg = toColor(fg);
var colorBg = toColor(bg);
var destPixels3 = ctx1.getImageData(0, 0, c1.width, c1.height);
process(textPixels, destPixels3, colorBg, colorFg);
ctx2.putImageData(destPixels3, 0, 0);
//for comparison, show Comparison Text without anti aliaising
ctx2.font = font;
ctx2.fillStyle = "rgb(255, 0, 0)";
ctx2.fillText(phrase, 0, textSize*2);
};
renderOnce();
I also added a comparison text object so that you can see the anti-aliasing working.
Hope this helps someone!