CIBC Research discusses its reaction to the US jobs report.

"The second wave of the economic recovery accelerated in March, with non-farm payrolls rising by 916K. That was well above the consensus forecast for a 660K gain. Looking forward, we would expect to see further strong job gains in the months ahead, particularly as people start to feel more confident spending their stimulus dollars on services such as travel and restaurants. However, that is of course dependent on vaccinations continuing at speed and those vaccinations being able to prevent serious illness from new variants," CIBC adds.