* Canadian dollar dips 0.1% against the greenback
* Loonie touches its strongest since Nov. 10 at 1.2986
* Price of U.S. oil increases 0.8%
* Canadian bond yields were mixed across the curve
TORONTO, Nov 25 (Reuters) - The Canadian dollar edged lower against its U.S. counterpart on Wednesday but stayed within reach of an earlier two-week high, which it notched as oil prices rose and global shares moved to record highs.
Global shares .WORLD were on course for their best month ever, with investors cheering the prospect of a smooth handover of power after the U.S. presidential election and confident COVID-19 vaccines would soon be ready. main share index is set to extend its rally over the coming year as the likely rollout of a COVID-19 vaccine bolsters prospects for the economically sensitive financial and resource stocks that dominate the index, a Reuters poll found. price of oil, one of Canada's major exports, rose for a fourth straight session as the market shrugged off an industry report showing U.S. crude stockpiles rose more than expected, extending a rally driven by hopes that a vaccine will boost fuel demand. crude CLc1 prices up 0.8% at $45.28 a barrel, while the Canadian dollar CAD= dipped 0.1% to 1.3010 per U.S. dollar, or 76.86 U.S. cents. The currency touched its strongest intraday level since Nov. 10 at 1.2986.
Since the start of the month, the loonie has gained 2.4%.
The Canadian province of Alberta said on Tuesday it would ban indoor social gatherings, halt classes for some students and reduce retail store capacities to slow the spread of COVID-19. province, which has been slower than other hard-hit provinces to increase restrictions, currently has the most active cases in Canada.
Canadian government bond yields were mixed across the curve on Wednesday, with the 10-year CA10YT=RR down 1.4 basis points at 0.704%.