Montreal police said the victim was taken at the corner of 45th Avenue and Victoria Street on Tuesday morning.
A few hours later, a passerby found him lying on the ground in Dorval.
Const. Daniel Lacoursière said two suspects, both also 17-year-old males, were arrested later that night in southwest Montreal.
"They were transported to the operation centere where they will be meeting with investigators later on today," he said.
Both teens are known to police, he said. Police are still looking for two more suspects.
The victim was treated in hospital and released.