Victoria ranked 2nd best small city in the world by international travel magazine

The Victoria inner harbour is pictured in this file photo. (CTV News) The Victoria inner harbour is pictured in this file photo. (CTV News)

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What is the 'white elephant' gift exchange?

With the holiday season in full swing, families and friends looking for a more unconventional way to give gifts can look no further than to the 'white elephant' gift exchange, but what is it exactly?