Hearty Beef Bourguignon

Ingredients

• 2 lbs (900 g) beef chuck, cut into 2-inch cubes
• 4 oz (113 g) bacon or pancetta, diced
• 1 medium onion, diced
• 2 medium carrots, sliced
• 3 cloves garlic, minced
• 1 lb (450 g) mushrooms, quartered
• 2 tbsp (30 ml) tomato paste
• 1 bottle (750 ml) red wine (preferably Burgundy or Merlot)
• 2 cups (480 ml) beef broth
• 1 tbsp (15 g) fresh thyme leaves
• 2 bay leaves
• Salt and pepper to taste
• 3 tbsp (45 ml) vegetable oil
• 2 tbsp (30 g) unsalted butter