Does Canva own my designs?

As a professional practitioner in the field of cryptocurrency and finance, I'm not directly familiar with the intricacies of Canva's terms and conditions regarding ownership of designs. However, from a general perspective of digital content ownership, I'd like to inquire about the matter. Could you please clarify if Canva owns the designs created by its users? I understand that many platforms have varying policies regarding intellectual property rights, and I'm curious about how Canva handles this. Is the ownership transferred to Canva upon upload, or do users retain the copyright to their designs? Clarifying this would be greatly appreciated.