Value of taxi permits shows sharp decline

The ride-hailing application Uber appears to have taken a huge chunk out of the investment of thousands of taxi drivers in the province, new figures released to the Montreal Gazette show.
The average sale of taxi permits, calculated by the Commission des Transports du Québec, dipped in value by tens of thousands of dollars in the span of a year, the largest decrease on record since 1999.
First issued by the Quebec government decades ago as a way to control the supply of cabs, taxi pe