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Canola oil is very healthy. It is high in energy and its high ratio of more mono-unsaturated fatty acids to saturated fatty acids makes it one of the healthiest oils for human consumption, and the third most widely consumed vegetable oil in the world. Lab tests show that Canola oil has more omega-3 fatty acids than most other oils on the market including olive oil. It is very low in saturated fats but rich in vitamins such as vitamins E and K.