With the progressive dying out of machine-based RA-4 printing, giclée prints are what we are pretty much stuck with in the post-Ilfochrome Classic era. Casting a critical eye, I regard the printing (despite the wider gamut availability) as inferior to both Ilfochrome Classic (in a very big way!) and inferior again to RA-4. The only 'advantage' to giclée is easy and fast profiling variability and especially, repeatability of a set objective, on not just one but myriad different media finishes. Archival stability is not as good as Ilfochrome Classic, but likely on par with the best RA-4 prints (60-80 years). It is curious that the cost of giclée is now rising, as too, the media specifically designed for it.
The pro-level lab Canon — not a Pixma — I have my printing made on has 24 inks and able to run off 3 print jobs simultaneously. Their two RA-4 machines went to the tip in late 2022 when repair/reconditioning proved uneconomical/unviable with no spares available.
But yes, your Pixma can be described as giclée; being a French word it is not in wide English use outside knowledgeable circles; that is, not particularly in a supermarket that sells pillows, mince meat and batteries. Mention giclée in an office supplier for example, and you'll likely get a stunned mullet expression. People — mums, dads and kids, say what first comes to mind — "have you got any good inkjet printers I can look at?".
