Was Canada the world's third-largest navy in 1945?

Was the Royal Canadian Navy the third-largest navy in the world at the end of the war?

By numbers of vessels it could be described that way, but by the period's important tonnage measure the Soviet Navy ranked third and Canada followed closely.

The Royal Canadian Navy finished the war with an enormous number of vessels, most of them relatively small escorts and support craft. A hull-count comparison can therefore place Canada third in the world. Treaty-era habits still gave great weight to total tonnage, however, because that measure better reflected the different combat value of large and small ships. By that contemporary standard the Soviet Navy ranked third and Canada followed closely behind.