The UBC drops to #33 in 2014 from #31 in 2013 on Times Higher Education's World University Ranking. The drop is consistant with the 2 other Canadian Universities that made it on this year's list - University of Toronto, which slid from #16 in 2013 to #20 this year and McGill University, which was tied with the UBC last year at #31 and tied again this year at #33.
See the list here.