As with so many contemporary clinical research studies, the data are still coming in on the benefits of omega-3 fatty acids in oils and exactly which kind of omega-3s are most important. A good, fairly recent and brief review can be found here:
https://www.health.harvard.edu/blog/omega-3-fatty-acids-and-the-heart-new-evidence-more-questions-2021032422213
Note from the chart below that fish oil and flaxseed oil are some of the best sources for omega 3s, and yet within the omega-3 class, fish oil has a slightly different composition than does flaxseed. From some reading, the flaxseed oil *can* give the same or similar health benefits, but needs processing within the human body to get those more beneficial forms of the fatty acid whereas those beneficial forms already exist in relatively high amounts in fish oil. The *bulk* of the data shows a benefit; some additional studies show little or no benefit. But based on my own desire to attempt to improve diet health and knowing the history of flax and fish oil benefits for human health, I'm willing to lean into this idea in a cautious way.
If you look at the chart and then conceptualize Spectrum's (brand name) reasons for making the two blends shown below, you can imagine the canola/olive oil blend being produced to increase the smoke point of the olive oil *and* possibly even raise the omega-3 levels through the blending. For the canola/coconut oil blend, the blending would reduce some of the saturated fatty acids being provided by the coconut oil while also adding omega-3s from the canola oil. Just a hunch, but it's interesting that Spectrum considered making and marketing these blends. All are expeller pressed oils from what I can see. The do sell flaxseed oil as well, but apparently the beneficials that are to be found in that oil are reduced in their efficacy through heating the oil, so it seems to be mostly used in lower temperature applications. Don't know, maybe others can weigh in with their experience and observations on flaxseed oil. Nevertheless, it is clearly among those plant-based oils with a high omega-3 content....not listed in this smoke-point chart is virgin olive oil with a smoke point near that of grapeseed oil>> [...see the interesting chart here:
https://blog.mountainroseherbs.com/how-to-choose-the-best-culinary-oil-with-oil-smoke-point-chart ]
As a test of a canola-coconut oil blend, I made pan popcorn yesterday with about a 1:1 blend and it was fantastic. Coconut oil gives the richness you would expect, but knowing it was also canola with potentially added benefits was even better (hopefully!.... :-) ) Will be curious to know of other's conversations and experiences around this topic. Thanks!
Edit: Adding this link as a part of pondering this topic for your own health:
https://www.health.harvard.edu/newsletter_article/no-need-to-avoid-healthy-omega-6-fats