Ride hailing service Lyft expanding to Canada
Will be available in Toronto soon
GST holiday break: Is it good for Canada’s economy?
Economists share how the temporary tax cut and relief cheques may play into Canada’s growth picture.
TORONTO —Ride-hailing company Lyft is bringing its service to Canada.
The company announced Monday that it is coming to Toronto in what will be its first expansion outside of the United States.
“Our passports are packed and we’re crossing the border,” the company said in a post on its corporate blog.
“We’ve been looking forward to taking our brand of ridesharing international for some time, and we’re super pumped to share this with our close friends up north.”
The company did not say exactly when the service would be available in the city, but says it will be “around to help ring in the holidays.”
The move follows the controversial launch of rival Uber in Toronto a few years ago, which saw protests by taxi drivers.
Toronto city council introduced rules to allow the service to operate legally last year.
Uber also has been embroiled in a fight in Quebec over the province’s rules for ride-hailing services.
In September, the province announced it would renew a pilot project agreement for one more year, but added new provisions that included 35 hours of mandatory training, police background checks and a vehicle inspection every year.
Uber has argued the 35-hour provision hurts the firm’s model of employing part-time and casual workers, who couldn’t even try the service without the training.
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email
Related Articles
MoneySense at the MoneyShow: ETFs & Investing Strategies
Here’s how to get your free ticket to attend the MoneyShow virtual expo.
Nvidia’s earnings: Blackwell AI chips play into (another) stock price rise
Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips.
Bitcoin approaches USD$100,000 as post-election rally continues
The world’s biggest cryptocurrency topped USD$98,000 on Nov. 21. As it inches ever closer to six figures, investors wonder:...
Canada’s inflation rate increased to 2% in October
Canada’s inflation rate rose to 2% last month, up from 1.6% in September, but a December interest-rate cut is...
Inflation is on target in Canada, so why is food (and other stuff) still so expensive?
Why Canadians are still feeling the squeeze of high food costs, and what to do about it.
Deal or no deal: What to know before shopping Black Friday and Cyber Monday sales
If you’re one of the many Canadians looking for Black Friday and Cyber Monday discounts, here’s how to know...
Where are rent prices headed in Canada?
A new Desjardins report predicts rent inflation will slow in the next few years.
Couldn’t get Eras Tour tickets? Industry practices, lack of competition could be to blame
High demand has made it challenging to get tickets for Taylor Swift and other big artists in Canada, and...