Heat oven to 350 degrees Fahrenheit. Grease a 10-cup bundt pan with baking spray with flour.

Combine flour and baking powder and set aside. In the bowl of electric mixer, beat eggs and sugar until light. Add orange juice, canola oil and lemon extract. Mix for a minute to combine. Add flour mixture. Mix just until combined.

Pour batter into prepared bundt pan. Bake for 45 minutes, until a cake tester inserted into the center of the cake comes out clean. Remove the cake from the oven. Immediately, while still warm in the pan, use a long skewer to poke deep holes into the cake at one-inch intervals.

Mix ingredients for the soaking liquid until smooth and well-combined. Spoon half the liquid over the hot cake, letting it to run into the holes.

Allow cake to cool completely. Remove the cake from the pan and drizzle with the remaining soaking liquid. Dust with confectioners’ sugar if desired.