The Canadair C-5 certainly flew faster and higher than a Douglas C-54, the Canadair C-5 had a max. speed of 320 mph (278 kts), a cruise of 303 mph (263 kts) with a service ceiling of 26,000 ft. and a GTOW of 86 000 lbs. (Heavier than the C-54 and the North Star/Argonaut)
The Rolls-Royce powered DC-4Ms flew even faster and higher than the C-5. The Canadair C-5, however, had a longer range and had a much less noisy cabin. It entered service in 1950 and was the RCAFs premier VIP transport.
She served for 17 years and was sold to an American buyer, where it was registered as N17599.