Did you hear how Canada got its name?

Did you hear how Canada got its name?

The leaders couldn't decide on a name for their nation so they decided to grab a scrabble bag and choose 3 random letters.

One of the leaders sticks his hand into the bag and picks a letter out. He then announces the letter to the leaders.

"C...ay"

Goes for the next letter and announces that. "N...ay".

Finally goes for one more letter. "D...ay"

Edit: told it twice on accident.