Flying from Toronto to Lima has never been cheaper (perhaps)!  Depending on how flexible you are, you can get tickets on select dates from October to March from $380 taxes in!  You need to fly Delta and make two stops along the journey though, but if that's "too much" for you, Aeromexico has flight for around $476, and Air Canada for $544!
Here's a link for flights from February 27-March 8th on a Google Flight search.  Click on the date to have a monthly calendar open that gives you the prices daily for departure and return.
 
 
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