Preheat oven to 250°F. Using butcher’s twine, tie roast to maintain shape. Coat all sides with 2 tablespoons of the canola oil and season with rub.
In a medium skillet heat remaining oil. Sear all sides of roast 2 minutes each.
Place roast in roasting pan and bake 1 hour 30 minutes.
To make sauce:
Heat a medium skillet over medium-high. Add olive oil and diced peppers; cook and stir 3 to 5 minutes.
Add remaining ingredients. Bring mixture to boiling, then turn temperature to low and simmer 20 minutes or until liquid is mostly evaporated and thickened.
Top each meat serving with Red Pepper Cranberry Sauce. Makes 2 cups sauce.