The format has a TIFF-image structure. It is generated by Canon cameras. The CR2 photo is stored in an uncompressed form and allows you to edit such settings as white balance, exposure, and other settings for photos that were already taken. It is the successor format to CRW, which was used in previous generation Canon SLR cameras.
JPEG is one of the most popular graphic formats used for storing still images and similar images. JPEG algorithm is capable of compressing the image as lossy and lossless. The most widely used JPEG received in digital photography and picture archiving and communication via the Internet. JPEG compression is not suitable for drawings, text and iconic graphics.