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I think you can wire much more than $5k for $50. That would be the cheapest option.
Contact canadian banks. Thryll happily provide the info for free
I have wired money from a US chase account to a Canadian account for free (over 5k) or 5$ under 5K. It takes about 24 hours.
It shows you the conversion rate up front before you confirm which seemed reasonable to me but I didn’t shop around to compare other rates.
Check with your US bank what their fees are to wire money to Canada.
Do not use a bank. The fees will be horrible. Just use the Wise app and enjoy the $1000 in saved fees. I've used it for much larger amounts.
For large transfers, Knightsbridge in Toronto will save you thousands on not just fees but also rates. You are welcome.