* Canadian dollar gains 0.6% against the greenback
* Loonie touches its strongest since Sept. 7 at 1.3048
* Price of U.S. oil falls 0.7%
* Canadian bond yields ease across the curve
TORONTO, Nov 5 (Reuters) - The Canadian dollar rose to a near two-month high against its U.S. counterpart on Thursday as the greenback broadly fell ahead of a Federal Reserve policy meeting, while investors weighed the policy implications of a potentially divided U.S. Congress.
The loonie CAD= was trading 0.6% higher at 1.3060 to the greenback, or 76.57 U.S. cents. The currency touched its strongest intraday level since Sept. 7 at 1.3048.
The safe-haven U.S. dollar .DXY slumped against a basket of other major currencies as traders braced for the outcome of a Fed meeting that might hint at more stimulus and global stock markets rallied. a divided Congress after the U.S. election, regardless of the outcome of a hotly contested White House race, could lead to policy gridlock in Washington, raising doubts over prospects for a large coronavirus relief package. A large economic package would bolster the outlook for Canada's commodity-linked currency, FX strategists said in a Reuters poll. price of oil CLc1 , one of Canada's major exports, was down 0.7% at $38.88 a barrel. jobs report for October is due on Friday, which could offer some clues about the strength of Canada's economic recovery.
Canadian government bond yields were lower across the curve, with the 10-year CA10YT=RR down 0.7 basis points at 0.605%.