Uber brings back pooled rides to Toronto, Montreal, Vancouver
Ride-hailing app Uber has brought back its carpooling service in select Canadian cities after a nearly three-year hiatus.
As of Wednesday, riders in Toronto, Montreal and Vancouver can select "UberX Share" rides and receive a discount of up to 20 per cent, while sharing the vehicle with another passenger going in the same direction.
“We know affordability plays a role when people are making decisions on how to get from point A to B,” said Michael van Hemmen, Uber Canada's general manager of mobility, in a news release. “This new shared rides option will provide a more affordable and sustainable experience for riders and the cities we serve.”
Drivers on the platform will also receive a $1 pickup incentive when picking up a second rider, the company also announced.
In March 2020, Uber had suspended its carpooling service, then known as "UberPool," due to COVID-19 concerns. The company had already brought back pooled rides in June in several U.S. cities.
Unlike UberPool, which allowed for up to four passengers heading to three destinations in the same care, UberX Share cars will only carry up to two passengers. In addition, only solo riders will be permitted to request UberX Share rides.
Lyft also suspended pooled rides in March 2020 and they remain unavailable for Lyft users in Canada. However, in May, the company announced it would roll out Lyft Shared rides in select U.S. cities, with plans to expand to more cities in the future.
MORE Business News
How to claim Ontario's staycation tax credit on your tax return
People in Ontario who vacationed in the province last year can claim the trip on their upcoming tax returns, and here’s how to do it.
Thinking of an alternative lender? What it could mean for your mortgage
As economic conditions make it harder to qualify for a mortgage, Canadians are increasingly looking to alternative lenders, particularly amid interest rates. CTVNews.ca looks at why Canadians are seeking private lenders and the potential benefits and risks attached to them.
opinion | Tips on how to get the most out of your TFSA
The federal government's latest TFSA contribution limit increase took effect this year. On CTVNews.ca, personal finance contributor Christopher Liew outlines eight tips on how Canadians can get the most out of this popular savings account.
opinion | These are the new tax brackets for 2023
There are going to be some changes to Canada's tax brackets as we move into 2023. These changes could impact how you’re taxed when you file your 2023 income tax returns next year.
Canadian food bloggers share tips, tricks to make filling budget-friendly meals
Food bloggers and cookbook authors say meal-planning and simple recipes can help home cooks put together filling and tasty dishes on a budget -- an increasingly stressful challenge amid rising food prices.
Canadians fell for more home improvement scams in 2022, new report finds
The Better Business Bureau says Canadians fell for home improvement scams the most in 2022, in a report highlighting the riskiest scams and how much money they cost Canadians.
'Not every sale is a bargain': How to avoid common money mistakes
In light of new poll results that found Canadians are spending a lot of time worrying about money, one personal finance expert shares some simple tips to help Canadians avoid making some common, costly mistakes with their cash.
Opinion | Does buying an electric vehicle make financial sense?
While there are many benefits to electric cars, the question of whether they are a good financial choice in Canada is still up in the air, personal finance contributor Christopher Liew explains on CTVNews.ca.