Peel Regional Police (PRP) recieved a call at 2:53 pm in regard to a carjacking on North Park Drive and Torbram Road in Brampton.
Police say the vehicle was a black Toyota RAV4 and was taken at knifepoint.
There are two suspects, both wearing masks and dark winter clothes, according to police.
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No injuries have been reported and there is a large police presence in the area.