Canva is the template master.
I am shocked at how powerful and easy to use. I use it in my job to put together quite high level reports so it certainly is undervalued! It is powerful, however if you need complete control on movement of graphics, changing hues, lighting, merging visuals or taking those layers into after effects and creating motion graphics etc, adobe suite definitely is the professionals choice and certainly over rivals Canva. However with that been said I think Canva can empower a lot of designers and individuals to take up a lot of design tasks that is easy to share company wide and would require less complexity.
However I am a stickler for having complete control and precision of what I design, so I do love photoshop and is my preferred choice alongside illustrator, however we have to be progressive and adapt with the digital space including ai, so I use it with Canva with allows me to still do some nifty custom pieces that is editable by my team.