Atlantic Canada will soon be facing a “demographic drought,” according to a report released by the Canadian Federation of Independent Business yesterday.

The report, which surveyed 1,500 small business owners in Atlantic Canada, identifies out-migration of youth, an aging population, and fewer labour force entrants as the principle factors in Atlantic Canada’s growing labour shortage.

The CFIB’s report recommends a combination of approaches to address the demographic challenges.

These include reducing the provincial tax burden on Atlantic Canadians, setting ambitious targets to increase productivity, and matching the immigration system with the region’s labour needs.

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This Canadian Federation of Independent Business’ report can be viewed at www.cfib.ca.