Ottawa, Jan 4 (Canadian-Media): The World Economic League Table, published by the Centre for Economics and Business Research (CEBR), states that Canada is back onto the list of the world's largest economies, media reports said.
Its ranking moved up to spot 10 in 2019 based on its GDP of $2.251 trillion in 2019 after falling to the eleventh spot in 2014 .
It is set to climb even higher in the future, moving past both Brazil and Italy to take the number eight spot by 2029, according to CEBR.
Canada's economic success is partly due to attracting skilled migrants as well as due the steady unemployment rate, which has held at 5.7 percent and therefore affected consumer spending.
The list forecasts economic growth among 180 countries over the next decade.