Key Takeaways Canola oil is a refined vegetable oil made from specially bred rapeseed with low erucic acid content and controlled fatty acid composition. It contains a balanced mix of monounsaturated and polyunsaturated fats, making it suitable for both everyday cooking and food production. With a smoke point typically ranging from 200 to 230°C, canola oil performs well in frying, baking, and high-temperature processing. Its neutral taste, light colour, and clean profile make