Ottawas deficit for the year to come in 2 billion lower than

OTTAWA — The parliamentary budget watchdog is projecting the federal deficit this fiscal year will come in $2.1 billion lower than the Liberals have predicted.Yves Giroux’s office chalks up the change to higher-than-anticipated income-tax revenues that the government has collected this fiscal year, which closes in March.A report out this morning from the parliamentary budget office predicts that this year’s budget deficit will be $16 billion, less than the $18.1 billion the Liberals anticipate. U.S. trade uncertainty is holding back Canadian business investment, Bank of Canada warns Trudeau’s housing strategy is vintage Harper — it was a bad idea then, and it’s a bad idea now Had the economy been weaker or tax revenues lower, the report says, the federal deficit for the 2018-2019 fiscal year could have hit $23.2 billion when taking into account extra spending in Finance Minister Bill Morneau’s fall economic update.More than half the $7.2-billion swing in the projection is due to stronger tax revenues than Giroux predicted in the fall.The report says corporate income-tax revenues are $3 billion higher than the watchdog forecast in October. read more

Mens Basketball Keita BatesDiop named Big Ten Player of the Year

Ohio State redshirt junior forward Keita Bates-Diop (33) takes the ball down the court in the second half of the game against Rutgers on Feb. 20. Ohio State won 79-52. Credit: Jack Westerheide | Photo EditorOhio State redshirt junior forward Keita Bates-Diop was pegged by many as a sleeper for production before the start of the 2017-18 season. Bates-Diop was one of the returning players on an Ohio State team that was beginning a perceived rebuild and was expected to be a major cog in the team’s offense. In a season that has defied expectations, Bates-Diop vastly outperformed what many believed he could do, leading the Buckeyes No. 2 seed in the Big Ten tournament while as a star in the conference. His efforts for the campaign were rewarded Monday when the 6-foot-7 forward was named Big Ten Player of the Year.He is the first Buckeye to receive the honor since guard Evan Turner earned it after the 2009-10 season.Bates-Diop averaged 19.2 points, 8.9 rebounds and 1.7 assists per game, while playing in 32.7 minutes per game. He finished the regular season with 12 double-doubles and scored more than 20 points 12 times.Before the season began, head coach Chris Holtmann said that both Bates-Diop and senior forward Jae’Sean Tate were going to have to carry the load at times for Ohio State. That narrative quickly changed to Holtmann saying he expected Bates-Diop to eventually regress and stop averaging nearly 20 points per game. But Bates-Diop never let up too much, though he did average only 14.8 points in the final six games of the season. The breakout campaign came a season after the small forward was forced to redshirt his true junior season after fracturing his leg. He appeared in just nine games in the 2016-17 season, while struggling to maintain consistent production, averaging only 9.7 points, 5.2 rebounds and 1.3 assists per game. read more