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US rail freight rebounds, Zeekr gains traction, MDA lands big Canadian contract

Wall Street Journal Markets •
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Rail freight traffic from the United States is rebounding after the 2022 trade‑war slump. Statistics Canada shows April tonnage rose 14.7% year‑over‑year to 3.8 million tons, back to the five‑year monthly average. U.S.-origin rail loads fell to 10.4% of Canada’s total in 2025, but climbed to 11.4% in April, indicating a modest recovery overall.

Jefferies argues that Geely’s premium EV brand Zeekr is undervalued despite a rapid sales surge since the second half of 2025. In Australia the 7X SUV leads the AU$65,000 segment, with over 1,000 pre‑orders and delivery windows of eight to twelve weeks. Higher fuel prices should boost deliveries through September, and analysts still keep a buy rating with a target of HK$28, while the stock trades near HK$17.

MDA Space secured a C$688 million contract from the Canadian Space Agency, far exceeding market expectations and underscoring Ottawa’s commitment to radar‑satellite and defence capabilities. The multi‑year award, slated to start delivering revenue in 2027, lifts the company’s book‑to‑bill ratio and strengthens its backlog ahead of the 2Q 2026 earnings window. The deal adds significantly visible, long‑term cash flow to the firm’s balance sheet.