The Globe and Mail reports in its Tuesday edition that less than one month after Alphabet broke the record for largest Canadian-dollar-denominated corporate bond offering in history, Google's parent company has already been bested by e-commerce giant Amazon. The Globe's Jameson Berkow writes that Amazon is selling $14-billion worth of maple bonds, the term for loonie-denominated bonds issued by foreign companies, broken into five pieces with maturities ranging from three to 30 years. The issuance is nearly two-thirds larger than the $8.5-billion, four-part offering sold by Alphabet in mid-May and nearly double the $7.15-billion bond deal raised by Coastal GasLink in 2024, which remains the largest corporate bond ever issued by a Canadian company. Both the Amazon and Alphabet deals represent a small fraction of the hundreds of billions of dollars being borrowed from investors around the world by various global cloud-computing companies as they dramatically scale up their artificial-intelligence capabilities. Canada's maple market got a big boost when newly issued maples started getting included in the FTSE Canada Universe Bond Index in early 2025, giving maple issuers access to a much larger pool of investors.