Insurer Sun Life Financial Inc. (SLF,SLF.TO) reported first-quarter common shareholders' net loss of C$213 million or C$0.38 per share, compared to common shareholders' net income of C$533 million or C$0.93 per share last year.

Net operating loss was C$186 million, compared with net operating income of C$533 million in the same period last year.

Internet gaming software provider CryptoLogic Ltd. (CRYP, CXY.TO) reported a loss for the first quarter on sharp revenue declines, reflecting primarily challenging global economic conditions and unfavorable currency impact. Posting a fourth consecutive quarterly loss, the casino software developer said it is on track to returning to profitability and cash generation in 2009, in line with prior guidance.

Husky Energy Inc. (HSE.TO: News ) said on Wednesday that it has agreed to issue US$1.5 billion in senior unsecured notes. The senior notes will be issued in two tranches: US$750 million at 5.90% maturing on June 15, 2014 and US$750 million at 7.25% maturing on December 15, 2019.

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