Lyft announces plan to launch in Toronto in December

"We have had our sights set on worldwide expansion for months, and the Canadian market is an obvious fit for Lyft's culture, values and the service that we provide", Lyft CEO Logan Green said in a statement to CNN Tech.

Lyft wouldn't say when the service would be available in the city, but said in a blog posting that it will be "around to help ring in the holidays". Lyft, which first debuted in 2012, has taken its expansion at a slightly slower pace than its main competitor, Uber. Indeed, there have been reports since the start of the year that such plans were imminent.

This is a significant expansion not just for Canadians and residents of Toronto, however; Lyft moving into a market outside the US signals it might now be ready for more ambitious worldwide growth.

"There is some pretty high, positive sentiment with Lyft", he added.

For comparison, Uber has a valuation of almost $70 billion despite its rocky run as of late.

"We see an opportunity for ourselves in providing a better experience for everyone involved", said Houghton, in a swipe at its largest rival.

Ride-hailing company Lyft is bringing its service to Canada.

On Monday, the ride-hailing company announced it will begin operating in Toronto, starting in December. "They are playing this slow and steady wins the race game".

With Uber in hot water over sexual harassment allegations, shady business practices, and internal upheaval, Lyft has emerged as its less evil alternative (particularly after the #DeleteUber campaign gained traction earlier this year).

Uber also considered pulling out of Quebec.

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