1.What are socio-economic challenges and new opportunitiesresultingfrom the impact of COVID -19in Canadian perspectives?(6marks)

2.As per StatisticsCanada:Septemeber-2021,the Consumer Price Index (CPI) rose4.4% on a year-over-year basis in September, the fastest pace since February2003and up from a4.1% gain in August. Excluding gasoline, the CPI rose3.5% year over year in September.What are likely fall out of this higher inflationrateon Canadian economy(includingreal estate sector) and what fiscal measures Canadiangovernment should take to bring down the inflation rateas well as boost Canadian economy.