Inflation in Canada's oil sands sector is set to rise to 2008's frenzied level, warns Imperial...

|About: Imperial Oil Ltd (IMO)|By:, SA News Editor

Inflation in Canada's oil sands sector is set to rise to 2008's frenzied level, warns Imperial Oil (IMO) CEO Bruce March as the growing number of projects creates shortages of materials and labor. Imperial's stock took a hit over the past few days, in part due to the eye-popping $2B price tag for the expansion of one of its sands projects.