Oct 31(Reuters) - Canadian oil producer Imperial Oil ( IMO )

posted a sharp fall in third-quarter profit on Friday,

hurt by a non-cash impairment and restructuring charges and

lower commodity prices.

The Calgary, Alberta-based company said its net income fell

to C$539 million ($385 million), or C$1.07 per share, in the

quarter ended September 30, from C$1.24 billion, or C$2.33 per

share, a year earlier.

($1 = 1.4024 Canadian dollars)