Heat milk and water to about 110 degrees. You can warm it in the microwave for about 10-15 seconds. Be sure the liquid is warm to the touch and not hot.
Pour the mixture into the bowl of your mixer. Add yeast and 1 tsp sugar and let sit for about 10 minutes to let yeast activate. Mixture will become foamy.
Fit your mixer with the dough hook and turn on low speed. Add eggs, canola oil, 1/4 sugar and salt.
Turn mixer speed up to medium and begin adding the flour, one cup at a time, until fully combined.
Remove dough from mixer bowl and place in a separate lightly oiled bowl. Cover with plastic wrap and let rise for about 1-1/2 hours, or until the dough has doubled in size.
Combine, 1/2 cup granulated sugar, ground cinnamon, ground cloves and nutmeg in a small bowl.
Lightly flour a large surface to roll out cinnamon bread dough on.
Using a lightly floured rolling pin, roll dough out into a rectangle ( about 13"x9").
Evenly sprinkle cinnamon sugar mixture covering the entire top of the dough. Make sure to use all of the cinnamon mixture.
Now, from the short end, roll the cinnamon dough all the way up while pinching the sides closed.
Using 1 tbsp of the melted butter, lightly grease a 9"x5" bread dish.
Place cinnamon bread into the dish, cover, and let rise for another 30-45 minutes.
Preheat oven to 350 degrees.
Brush the top of the cinnamon bread with remaining 2 tbsp melted butter.
Bake in the oven for 40 minutes, top will become golden.
Remove bread from the oven and let cool. Slice and serve with butter! Place in the toaster if you like your cinnamon bread toasted. Enjoy!