A few comments about the Canadian Tire 52-0052-2.
The regular price is $59.99 CDN, but when it is on sale (about every 2 months), it can be as low as $14.99 or $19.99. In Canada, we don't have a lot of choices for multimeters at the "big box" stores like Wal-Mart, Home Depot and Canadian Tire. At the Canadian electronics stores, $14.99 will buy you a 830 like multimeter (much like the Cen-tech in the video).
I have seen the same behaviour of the AC auto ranging "hunting" with an Extech EX430.
Try putting it in manual range as amspire suggests.
PS. Mastercraft doesn't make any multimeters. They get some company to put the Mastercraft label on it. I also used the earlier incarnation of this model and it wasn't a bad multimeter for $20. I didn't take it apart as it belonged to my friend.