In an email sent to CP24, Lyft spokesperson Daniel Moulton said the expansion will be bringing a "new affordable transportation option" to Toronto consumers.
Lyft is expanding into territory that has been long occupied by Uber.
There isn't an exact date for Lyft cars to be out on Toronto's streets, but the company said operations should begin around the holiday season, and first-time users will be treated to their first trip gratis. Meanwhile, Uber has faced a series of civil lawsuits and executive turnover.
CO2 emissions set to rise after period of stability, according to research
Carbon dioxide emissions in Europe and the U.S. , on the other hand, are on track to be lower in 2017 than in the previous year, down by 0.2%and 0.4% respectively.
Olympian Aly Raisman Talks Sexual Abuse
One of America's biggest Olympic stars has come forward to accuse the former US women's gymnastics team doctor of sexual abuse. The sex abuse scandal led to the ouster of USA Gymnastics CEO Steve Penny, who resigned in March under pressure from the U.S.
Former Black Cat in cancer fight
Some incredibly sad news began to emerge last night that former Irish global Liam Miller was gravely ill, fighting cancer. The midfielder joined Manchester United, where he scored two goals in 22 games in two years across all competitions.
Last year, Toronto approved rules that would allow ride-hailing services to operate, after earlier clashes between Uber, regulators and traditional taxis.
Lyft is offering incentives for new drivers in Toronto, including a 25 percent driver bonus on all rides for the first three months for certain qualified drivers, and bonus credits of C$200 ($157) for referring friends to drive for Lyft.
In 2017, Lyft expanded to cover around 94 percent of US residents, up from around 60 percent at the start of the year, with multiple new markets added across the country.
This year, Lyft has raised $1.6bn in financing, with contributions from Alphabet's investment arm and Canada's Public Sector Pension Investment Board, among others.