Toronto's mayor says Canada's largest city will work to come up with one bylaw that can regulate both city taxis and ride-hailing service Uber.

John Tory outlined his goal on Monday after meeting with representatives from Uber and Toronto's taxi industry.

The meeting was held after an Ontario court sided with Uber on Friday in a case where the City of Toronto sought a permanent injunction on the company's operations.

The city had argued Uber is a taxi company and must abide by city regulations.

But Superior Court Judge Sean Dunphy dismissed the application, saying there is "no evidence" the company is operating as a taxi broker or that it breached city bylaws.

In his decision, Dunphy said the city's definition of a taxi brokerage as any service that connects passengers and drivers is too broad, and said the issue should not be resolved in court.

Tory referenced Dunphy's decision, saying the city's bylaws currently do not provide a level playing field for cabs and Uber operators in the city.

Tory said the company's UberX application -- which pairs passengers with ordinary drivers -- is currently operating outside current laws.

Tory says the city's bylaws will be changed to ensure fair competition and public safety.

"What we need is one bylaw that applies without question to everybody," Tory said, adding that he was encouraged by Uber representatives' willingness to be included in a new modernized regime.

"We cannot have a wild west, but we also cannot have a city that ignores the march of time. Technologies like Uber are here to stay but they have to be regulated."

Uber had argued it is a communications service that connects passengers and drivers, and thus wasn't subject to the city's bylaws.