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5 Things to Know Today: Midterms Day, Oil Plunge, Trade Deal, Budget (Nov 3)

  Canadian Money Brief • Tuesday, November 3, 2026 It’s Election Day in the United States, oil just had its biggest one-day drop since late July, and Ottawa tables its budget on Thursday. Here are five things to know today, and what each one means for your wallet. 1. U.S. midterms: Canada is watching Americans vote in the midterm elections today. Markets are expecting Democrats to win the House of Representatives, while control of the Senate is still uncertain. Trade policy has been a campaign issue, especially in border states such as Michigan and Maine, where Republican candidates have faced pressure over tariffs that have hurt local businesses. What it means for you: The result could move the loonie, the TSX and the tariff talks over the coming days, but one election night is rarely a reason to rebuild your TFSA or RRSP. If you need to convert Canadian dollars to U.S. dollars soon, expect choppy exchange rates. 2. Oil plunges on Iran diplomacy, then bounces Oil fell sharply o...
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Ungraded Beef in Canadian Grocery Stores: What You Need to Know

 


Shoppers across Canada have been raising eyebrows at the sight of “ungraded” beef from Mexico on sale in local grocery stores. The term itself has sparked curiosity and concern, leaving many wondering what it truly means. Let’s dive into the details.

What Is Ungraded Beef?

Simply put, ungraded beef is exactly what it sounds like: beef that hasn’t been assigned a specific grade. In Canada, there are 13 different beef grades, each reflecting the quality and characteristics of the meat. Here’s a quick rundown:

  1. Prime: The highest grade, known for its exceptional marbling and tenderness.
  2. AAA: High-quality beef with good marbling.
  3. AA: Still excellent, but with slightly less marbling than AAA.
  4. A: Good quality beef suitable for everyday cooking.

When you encounter “ungraded” beef, it means that it hasn’t undergone the grading process. But what does this mean for consumers?

  1. Safety: Contrary to some concerns, “ungraded” doesn’t necessarily imply unsafe. It simply lacks the official stamp of approval that graded beef receives. However, reputable suppliers ensure that all beef, regardless of grading, meets safety standards.

  2. Flavor and Texture: Ungraded beef may vary in flavor and tenderness. Some find it more rustic and robust, while others prefer the consistency of graded cuts. It’s a matter of personal preference.

  3. Cooking Approach: Ungraded beef can be a delightful surprise for adventurous cooks. Experiment with different cooking methods—grilling, slow-cooking, or pan-searing—to appreciate its unique qualities.

Next time you spot “ungraded” beef at your local grocery store, remember that it’s not a mystery meat. It’s an opportunity to explore a different facet of beef, one that hasn’t been neatly categorized. Whether you choose to embrace it or stick with your favorite graded cuts, the choice is yours.



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