1 week ago
Taxi industry pushing Toronto to ban U.S. rideshare companies like Uber
Canadian taxi and ride-hailing companies are calling on Toronto city council to be included in efforts to promote local businesses.In an open letter, Canadian companies Beck Taxi, Co-op Cabs, Toronto 1 Taxi, and Hovr called to be added to the city's recently introduced "Buy Local, Buy Canadian" campaign amid the trade war with the U.S."U.S. tech companies, among the Trump administration's biggest backers, have taken over too many Canadian markets, reshaping our laws and regulations to build monopoly power. The ride-hailing industry is a prime example," wrote the companies in the letter.They claim that U.S. companies operating in Toronto, like Uber and Lyft, have increased congestion, taken money from the TTC, lowered earnings for drivers and imposed surge pricing models on travellers.The letter argues that "app-based ride-hailing and payments are now offered by many local taxi companies as well as Hovr, a new Canadian ride-hailing platform."To do that, the companies say Toronto coun...
Economics
