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Toronto's taxi industry continues to struggle amid insurance premiums, ride-hailing apps, COVID-19

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Long before COVID-19, Toronto's taxi industry had been struggling to cope with skyrocketing insurance premiums and the rise of ride-sharing apps. But as the pandemic worsens in the city, a growing number of drivers are parking their vehicles for good.

Since January 2020, the number of licensed taxi and limousine drivers in the City of Toronto has decreased by 25 per cent.

"The taxi industry has been under pressure, quite some time for multiple issues," Mohamoud said Wednesday. "Business dropped to almost 20 per cent and continues to operate at a skeletal level at this time," he said.Currently, Mohamoud says he and other members of the industry are in talks with the City of Toronto to see how taxi drivers can help transport vaccines, after initially being left out of the plans.

"You cannot just flood over 100,000 vehicles in the City of Toronto. That doesn't help the city and as well as the operators," said Mohamoud.

 

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