The tech giant will issue senior unsecured notes denominated in Canadian dollars that mature in between three and 30 years, sources told Bloomberg. RBC, Scotiabank and TD Bank are running the bond sale alongside JPMorgan Chase. Amazon told the outlet it will use the money for business investments, capital expenditures and debt repayment (Bloomberg)

Talking point: If it plays out as telegraphed, the sale would be one of the largest corporate loonie bond offerings ever, overtaking Google’s record $8.5-billion deal last month. The tech giants are raising money as they commit huge sums to building AI infrastructure. Amazon is projecting it’ll spend US$200 billion on capital expenditures this year, primarily for its cloud arm. “We’re monetizing capacity as fast as we can install it,” CEO Andy Jassy said on a February earnings call. Google expects to spend up to US$190 billion, also mostly on AI compute, and for that number to go up a lot in 2027.