Is Canola Oil really as healthy as they say..?

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I've just recently been introduced to Canola oil by one of my very much pregnant friend. We were doing groceries together one day and as we went to the cooking oil section she tells me that Canola oil is actually healthier than other type of oils according to her doctor and she was highly recommended to use it because it didn't have transfat, cholesterol etc., in short nothing unhealthy. So that being said I decided to take a shot and buy my first canola oil bottle. After a few days, I decided to use it and first thing I noticed it actually had this funny smell well not like the regular cooking oil I used back then. Second, the bottle didn't have any description as from what exactly canola oil is made of. I thought it strange, 'cause olive oil comes from olives, coconut oil comes from coconut, but canola oil where does it comes from? is canola a fruit or a plant? hmm.. that was kinda peculiar. So I decided to do some research online y'know out of curiosity as to what it is really made of, and soon enough I was directed to informations both pros and cons to canola oil. What really got me thinking though was all those informations saying that canola oil comes from rapeseed which is actually used for industrial purposes like in the production of insecticides and that using it can cause damage to both humans and animals. That made me really really confused as to whether canola oil is indeed a healthier alternative from the other cooking oils in the market. Fellow mylotters do you have any insights that would help me be enlightened as to whether Canola oil is indeed healthy or not??p.s: hope to hear from you guys, from the time being I'll be reverting to my old cooking oil product before continuing using canola oil.