Industries from automobile manufacturing to oil and gas production are warning that Canada must invest more to match its largest trading partner.

A police probe into the billionaire siblings behind a fast-growing Chinese battery company has put a fresh spotlight on governance risks in the country.

The government’s move to limit investment from state-owned entities into Canada’s critical minerals resources is causing stress in the mining industry, says Frontier Lithium CEO Trevor Walker.

The company also raised its sales target for electric vehicles (EVs) to up to 40% of its total global sales by 2030.

Countries competing with China would need to spend $78.2 billion on batteries, $60.4 billion on components and $13.5 billion on mining.

Becancour is drawing corporate giants to the French-speaking Canadian province with its ambitions to make this industrial outpost, halfway between Montreal and Quebec City, a key gear for an EV battery supply chain to serve the continent.

The US and the Philippines will open talks on a deal for the Asian nation to build nuclear power plants with American technology.