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It may not be the comeback story of the century, but McGill University’s resurgence to the No. 1 position in the latest QS World University Rankings has offered a glimmer of hope when many had predicted nothing but a continual slide down the international rankings scale for the “Harvard of the north.”

Having spent the last couple of years nipping at the heels of the dominant University of Toronto in several of the most authoritative university rankings, McGill found itself at the top of the Canadian heap in the QS 2015 rankings, made public on Tuesday and which boasts being the “most popular” of the many university rankings.

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However, this good news has to be taken with a grain of salt and not just because many academics and university observers are skeptical about rankings. McGill still dropped in the rankings, down to 24th from 21st position globally, but rose to the top spot in Canada based on the sharp decline of the U of T, which slid to 34th place from 20th.