Easy BEEF BOURGUIGNON

Name: Easy BEEF BOURGUIGNON
Ingredients: 6 slices bacon, cut in 1-inch pieces; 3 lbs beef rump or 3 lbs chuck, cut in 1 1/2-inch cubes; 3 large carrots, peeled and sliced diagonally; 1 medium onion, cubed; 3 tablespoons flour (or for GF, 1 ¼ tbsp corn starch); 14 ounces low sodium beef broth (about 2 cups); 1 tablespoon tomato paste; 2 teaspoons garlic, minced; 1 teaspoon dried thyme; 1 whole bay leaf; 14 ounces white pearl onions, peeled (I use frozen, thawed and drained); 1 lb cremini mushroom, sliced; 2 teaspoons salt; 1⁄2 teaspoon black pepper; 1⁄2 cup red wine