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Daily Markets Update: Nasdaq Hits Record as Yields Top 5.3%, TSX Flat, Loonie Near 70¢

  S&P/TSX 35,518.55 +0.04% S&P 500 7,773.99 +0.66% Nasdaq 27,477.31 +1.05% Brent US$100.42 -1.8% USD/CAD 1.4250 Flat US 10-yr 5.315% +3.8 bp Monday, October 5 close, with Asia’s Tuesday session. Wall Street’s tech rally pushed the Nasdaq to a fresh record on Monday even as long-term bond yields kept climbing: the U.S. 10-year Treasury yield settled at 5.315%, a new 52-week high. Canada’s TSX barely moved, with tech gains offsetting a slide in energy and financials, and Cenovus fell after unveiling a C$5.7-billion takeover of Athabasca Oil. Oil dropped nearly 2% as G7 emergency stock releases and rising Middle East exports eased supply fears, and the loonie hovered near 70 U.S. cents, close to its weakest level in about 18 months. Canada: TSX Flat as Tech Offsets Energy Index / Stock Close Change S&P/TSX Composite 35,518.55 +0.04% Shopify (SHOP) — +5.7% Athabasca Oil (ATH) — +13.5% Cenovus Energy (CVE) C$44.86 -3.0% Suncor Energy (SU) — -1.2% The TSX added 15.90 points ...

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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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