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In a medium bowl, whisk together the Creamy Peanut Butter and the beef broth until well blended. Set aside.
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Cut stewing beef in 1 1/2 inch cubes.
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Season the meat with salt and pepper.
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In a large saucepan or stew pot, heat the Canola oil over medium heat.
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Add the onion, garlic, bell pepper, and carrots.
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Saute until the onions are translucent.
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Add the meat and continue to cook, stirring often, until it is browned on all sides.
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Add the peanut butter and broth mixture, tomatoes and liquid, thyme, and bay leaf.
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Stir well and bring to a boil. Reduce heat to low and simmer, stirring often for about 1 1/2 hour or until the meat is tender.
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Taste and add salt and pepper if desired. Remove the bay leaf and discard.
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Serve hot over rice.
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Cook on Low for 7 hours if using your slow cooker.