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Lyft to drive into Canada in first international foray

Published 2017-11-13, 08:47 a/m
© Reuters.  Lyft to drive into Canada in first international foray
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Nov 13 (Reuters) - Ride-hailing firm Lyft Inc said on Monday it would launch its service in Toronto, marking the first international expansion for the U.S.-based rival of Uber Technologies Inc UBER.UL .

"Before you know it, Lyft will be coming to you live in Toronto," the company said in a blogpost, without giving a launch date. http://lft.to/2AFQ5at

Lyft is crossing into Canada at a time when rival Uber has opted out of operating in Quebec, Canada's second-most populous province, to avoid following tough new regulations for drivers. raised $1 billion in October, in a financing round led by CapitalG, the growth investment fund of Alphabet Inc GOOGL.O and had in September hired an initial public offering advisory firm.

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