Uber plans to expand services across Quebec this fall
Reuters
Published Aug 26, 2020 11:19AM ET
(Reuters) - Uber Technologies (NYSE:UBER) Inc on Wednesday said it plans to expand its ride-hailing services across the Canadian province of Quebec this fall.
The announcement comes as Quebec braces for a new taxi reform bill, which will abolish the costly taxi permit system and also make way for app-based ride-hailing services such as Uber.
The company did not give a specific date for the expansion of its service throughout the province.
Quebec, which makes up 24% of the Canadian population, was worst hit by the coronavirus crisis in the country and began to gradually reopen its economy in May.
Uber's ride-hailing segment also remained battered by the pandemic during the second quarter, with revenue from the United States and Canada, its largest combined market, declining to $1.25 billion.
As part of an ongoing pilot program started in 2016, the company's services are currently available in Montreal, Quebec, and Gatineau.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.