The soaring Canadian dollar has catapulted Toronto and Montreal into the ranks of the most expensive cities in the world, according to an annual study made public Wednesday.
The ranking, released by UBS AG, ranks Toronto as the 8th most expensive city in the world, followed by Montreal.
They ranked 28 and 29, respectively, in the 2009 survey.
Madhavi Acharya-Tom Yew, Business Reporter
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