Canada News

Corporacion Mexicana de Aviacion SA said lessor Air Canada seized two aircraft after a “misunderstanding” and a report that the Mexican carrier may file for bankruptcy.

Canadian provincial bond sales reached a record for July and may continue apace after concern over the European sovereign debt crisis and tensions surrounding a Group of 20 conference crimped some borrowing.

Toyota Motor Corp. said it’s preparing a global recall of about 480,000 Avalon sedans and Land Cruiser sport-utility vehicles to repair steering parts that may be defective.