And since I've already been flamed for merely trying to point out a wrong belief I might as well go full hog.
Wheel bearings and shocks are indeed mentioned.
http://www.e-laws.gov.on.ca/html/regs/english/elaws_regs_900611_e.htm#BK13
4. (1) Front and rear springs, shock-absorbers, swing arms, their supports and attachments shall not be loose, bent, cracked, broken, excessively worn, disconnected or missing.
(4) Wheel bearings shall be tested by rotating each wheel and no wheel bearing shall,
(a) give any indication of excessive wear or damage; or
(b) be maladjusted so as to result in excessive play or binding.
Just saying
Butt Butters