Lots of issues here, but I'll comment on some, then get to Canola!
The cholesterol thing that several have mentioned. It's been re-evalued in the last few years, by returning to the Statin-test trials and comparing the results with long-term heath studies. Some real anomalies have emerged; mainly in that the direct link of CVD with LDL is imaginary. So I think that the strong emphasis today on deliberately lowering Cholesterol is mistaken. Our bodies are hugely competent in producing cholesterol, and will make as much as we need; if we eat plenty, fine. If we don't, our bodies' chemical factory produces it. If we use cholesterol-lowering drugs (which, for a minority of at-risk older men, are vital), we just make more. Depending on diet and culture, major studies across the world have found that some healthy people have high cholesterol levels and are fine, while people at severe risk of CVD death can have average cholesterol levels in some cultures. People with very low cholesterol levels have an elevated risk of cancers and other life-threatening problems, according to large-scale recent studies - and it's been known to be caused by cholesterol-reducing drugs. The key with CVD is not cholesterol, it's severe mental stress, usually compounded by poor diet.
Taking this into account, what do we need to be healthy? What I've been recommending for years is to eat mostly vegetables - preferably half of all your food by weight should be vegetables. That counters most of the issues with bad diet at one stroke, and along with staying hydrated is maybe 80% of becoming healthy. Ten percent more is the omega-3 fats deficiency, as below. Discuss?
Oils and Fats
Basic food chemistry to begin with;
you need a super-short Fats Course 100.5 to see the issues with Canola. Skim through if you know this already; it may not be high school biology or organic chemistry in all countries.
All oils (liquid at room temperature) and fats (solid at room temperature) are 'triglycerides', made from attaching three fatty acid molecules to a glycerol molecule. Fatty acids are chains of carbon-oxygen-hydrogen atom clusters, of different lengths. When the chain is flawless, we call the fatty acid 'saturated'. When a hydrogen atom's missing, the chain kinks at that point and the acid's called 'unsaturated'; it leaves the fatty acid more reactive - able to attach to other molecules. Convention labels an unsaturated acid by the point where the first kink occurs - usually point 3, 6, 7 or 9 in the chain from the unattached end. Got it so far?
Mono-unsaturated fatty acids kink once (duh!); polyunsaturated kink more than once; in practice, usually twice to five times and making them more reactive, less stable. The first kink in the molecule from the free end is called the 'omega-point'. So, hah! we've got to the nub of those terms we tend to throw around. In practice, again, Omega-6 fatty acids kink twice, usually beginning at point 6; Omega-3 fatty acids kink three or more times, usually beginning at point 3. You can look up the names of the fatty acids online, together with their kinking patterns - Wikipedia has exhaustive listings, including more detail than you really wanted to know as you get into each article!
Here's the rub of it, though. All fats and oils (triglycerides) are rather like a handle-less fork with three prongs. The prongs (fatty acids) are commonly any length from 4 chain units upwards to about 22, and while some are straight (saturated) others are kinked 1,2 or 3 times. Each fork can have a mix of prongs of any kind, though in different triglycerides, certain fatty acids are commonest, and an oil or fat may have many and varied triglycerides, all mixed up together. Our chemical factories are expert at disentangling the forks, stripping off the prongs and recombining them in a different sequence.
How is that in practice? Each oil and fat can be characterized (after analysis) by the ratio of the fatty acids in it. Hard fats are mostly long-chain saturates; very light oils (lowest 'freezing' point) are mostly Omega-3 fatty acids and will stay liquid except in deep freeze. The kinking of a fatty acid stops the forks from lying flat, so the whole oil will be less dense - which equates to a lower freezing point. For example, at the two extremes typical beef fat is 40-40-3-2 (sat-mono-o6-o3; saturates are mostly long chain) and coconut fat 92-6-2-0 (mostly short chain saturates), while flax oil at the other extreme is 9-19-14-58. The first two melt above blood heat and can feel greasy in the mouth; flax oil is still liquid at -20C, -10F.
One last thing - about the trans-fats people have mentioned. When a polyunsaturated oil is 'hydrogenated' by adding the missing hydrogen atom at each kink, the unsaturated oil becomes a saturated fat - totally saturated. That's how the original vegetable fats were made over a century ago, and the process was used to make margarine and commercial fats from whatever cheap oil was available. The totally saturated fat was too hard to be usable alone, so the fat was blended with some oil to make it similar to animal fats like lard. So far, so good; the saturated fatty acids made by total hydrogenation are identical to those produced naturally.
But from the 1930s, oil factories began to stop the hydrogenation process part-way through to save time, leaving some oil incompletely saturated. The result, thought useful at the time, was a fat of just the softness required to replace either lard or butter, ready to use once some flavouring had been added (usually, and still today, buttermilk - whey - a by-product of cheese and butter making). Here's where the mischief came in, although no-one at the time understood it. The partial hydrogenation produced a lot of altered fatty acids which were different to the natural ones. All the polyunsaturated fatty acids in vegetable oils are in a 'cis' configuration, where the two or more kinks are on the same side of the chain. But under hydrogenation, adjacent kinks can be on opposite sides, straightening the chain out again. This is called a 'trans' configuration ('trans' meaning 'across'), and the oil/fat with plenty of this will act like a saturated fat in body chemistry.
So 'trans fats' aren't actually evil, but they aren't natural either; our bodies (say some experts) can't cope with them properly. There are two problems: one is that the trans fatty acids have all the health drawbacks of saturated fats (but not worse). But also, they upset our EFA-extraction. The enzymic mechanism which reserves polyunsaturated fatty acids for body chemistry like building cell walls, is fooled into reserving trans fats - because they're still unsaturated - then discards them later because they don't work. So you can become deficient in the vital Essential Fatty Acids your body needs for cell building and repair. It's good that partially-hydrogenated oils are now banned - trans-fat vegetable oils are bad for you!
Last comment: one trans-fat is harmless. It's trans-vaccenic acid, the main fatty acid in mammal milk, including - yes - human milk as well as cow's milk! It may even help in cholesterol control, according to some recent research.
Common oils we've mentioned - including Canola
OK, we're now here! And I'll begin with rapeseed oil.
Rapeseed
is an ancient Eurasian crop, cousin to mustard (and interbreedable) and in the brassica group, with cabbage, sprouts and swede. The seed oil is, in history, slightly hot (much less than mustard) and slightly bitter, partly from the erucic acid in it. It's been used as a food oil for thousands of years in cooler climates where sunflowers and olives don't grow well. The bitters and heat have slowly been bred out but - unlike the USA's official supposition - it's palatable and safe to eat when you get used to it.
There WAS a 1970s scare in the US about erucic acid poisoning rats fed on it, so that rapeseed imports were banned (it wasn't grown then in the US). However, later tests showed that (1) rats were unusually sensitive to erucic acid, and (2) rats respond badly to a forced all-oil diet anyway; they also responded badly to a sunflower oil diet. But the deed was done, and the oil banned. Canadian growers, under this stimulus, bred the first
rape variety with a very
low
erucic
acid content (a L-E-A-R oil) and - in a marketing coup - got this 'Canada Oil' Canola accepted for sale in the US - thus cutting out the European growers whose similar LEAR oil bore the dreaded name 'rape'. Strangely, despite being chemically identical to Canola LEAR and non-GM, European and Asian LEAR is still banned from the US as 'unhealthy'; I guess the government labs that might clear it are 'busy'. LEAR oil is now ubiquitous worldwide, and the HEAR varieties confined to industrial chemical use; fuels, for example. Except in peasant economies, where the locals like their traditional rapeseed oil with a bit of a bite.
One of the issues people have raised about oils is the omega-3 content. Well, it's great for health! Commercial oil companies hate omega-3 because it turns rancid quickly (it's very reactive, remember), and they have discovered that super-long shelf life is a business advantage. So omega-3 has been stripped out of commercial manufactured foods for many decades, along with natural vitamins. Instead, artificial antioxidants have been added, and most of these are deleterious to health ("We only add a little!") Rapeseed oil has a useful amount of omega-3, in good balance with the omega-6 - which is a health advantage compared with olive oil. Also as with olive oil, it majors in monounsaturates, which are healthier than saturates. And the taste? Don't care what some people have said; MY cold-pressed rapeseed oil tastes great! Nutty, and sort-of halfway between hazelnut oil and olive oil.
The issue of GMO (or GM as we call it in Europe) is another matter. Whether we cautious people want it or not, GM is here to stay, and in medicine as well as plants and animals will eventually give huge benefits. Why I've been very anti-GM (like most people in the UK) is because of the
reason the pharma giants like Monsanto are doing the gene editing, more than the cross-pollination with naturally bred varieties. It's already been mentioned here: the use of Roundup to kill weeds can be intensified if a crop can be altered to be Roundup resistant - and that's what Monsanto did with their GM rape (and also got to call it by the Canadian Government trademark name Canola).
But if, for example, a plant was modified to produce vitamin A (it's a simple genetic switch-on with one replaced gene), this, done today easily and accurately by the CRISPR technique, would make it a real lifesaver, rather than a marketing tool for chemicals! 500 years ago, by the way, that's just what plant breeders in the Low Countries did: they bred a new carrot that was orange rather than purple or yellow, through its copious amounts of beta-carotene. It's spread across the world, is and now a valuable source of vitamin A. And have you seen those Canadian orange cauliflowers? ....
Rapeseed oil, then, does have ethical issues as it's sold on supermarket shelves. But they are exactly the same as for other commercial oils. Olga, your link to the 'Canola Oil Con' page is useful - but to me, only to show up how people can get fooled by pseudo-science. All the nastiness of commercial oil production is there applied only to Canola, yet the same methods are used to produce ALL of the oils on your typical supermarket shelf! Yes, sunflower, soya, peanut, safflower, grapeseed. cottonseed, and all the rest of the common cooking oils are extracted - to the last drop - by mash boiling, high-force hot presses, solvent extraction and those other methods. And they can use seed that's a little off (or worse), because the oil's always bleached to remove odours (which can be pretty nasty!). The resulting oil is flavourless, with no preservative vitamins (these are extracted to sell to you later as pills) or plant sterols and stanols for health.
My suggestion?
Avoid all supermarket cheap oils if you can. Rapeseed/Canola no more or less than the others. Go instead for 'cold pressed', often labelled, after the olive oil market, as 'extra-virgin'. And ideally, organic too, because that label requires avoiding artificial fertilizers, weedkillers and GM. In England, most supermarkets sell cold-pressed rapeseed oil at £4 a half litre (US $5 per 17oz), six times the cost of the cheap stuff. The place I buy at sells it for £1.45; they clearly don't milk the 'healthy' image as the others do.
Olive oil, sunflower oil, peanut oil
The same applies as with rapeseed. The bland cheaper oil ('mild' for olive oil) is processed the nasty way - avoid. Buy cold-pressed only, and pay the price.
Soya oil, cottonseed oil, grapeseed oil
These are always heavily processed, because cold pressing won't work. Avoid.
Nut oils
Great - as long as they're cold pressed, which they usually are. But keep them just for flavouring salads, or for body rubs. Unless you burn $20 bills for fun.
The smoke point issue
This is another common misunderstanding, in my opinion. It's certainly true that burning-produced compounds can be unhealthy. But the same applies to making toast, barbie smoke, searing meat and so on, as for smoking fat. It's there for the flavour, and the carcinogenic issue is no different. Commercial deep fryers are the place where it becomes a problem, because those tasty-smelling smoke products get to concentrate in the fat if it's not changed regularly, and you get to eat too much. Since fire for food was invented, humans have dealt with the issue well enough - our bodies can cope with these natural by-products of burning, as long as we're not overwhelmed.
In frying then, as a couple of posters have mentioned, either use purified animal fats, palm oil or coconut fat for smoky frying, or do what the Chinese do in stir-frying - splash a spoonful of water into the pan occasionally, to keep the temperature down. No good for those crispy fries, though! As in deep frying, there's no problem as long as the fat has no by-products in it that will burn - use ghee rather than butter, for example. I do fine with cold-pressed rapeseed oil and flax oil - but I don't super-hot-fry in them. Even the most sensitive pure oil - flax oil - is good for eggs and sausage; bacon needs good timing.
Omega-3 and omega-6
This is a real issue, and Canola oil is at the heart of it. In our modern diets, unlike millennia ago, seed oils are a major source of calories. They are now freely available and cheap, and fast food has made them ubiquitous. That's a problem, because now we've dumped trans fats, the oils used in commercial frying are mostly omega-6 rich. Our bodies cannot make the basic omega-6 fatty acid linoleic acid, nor the basic omega-3 fatty acid alpha-linolenic acid. These two are called the Essential Fatty Acids because we need at least a little of each by mouth to stay healthy. So we're adapted, unlike most mammals, to chemically extracting and reserving what we get in our food. And we need both, in roughly equal but small amounts. The same processing and reserving enzyme works on both, and if we have more than four times as much of one as the other, we can miss reserving enough of it. Same as for trans-fats, which fool that process, too. So if we eat a lot of omega-6 oils (and we do, we do!) we get super-short of omega-3, with consequent health trouble. Typically, junk diet eaters get 50 times the 6 as the 3; most folks get 15-20 times as much.
There is a solution, though. Simply avoid eating those common omega-6 rich oils altogether, and select sources of omega-3 oils to eat regularly - flax oil, chia oil and also some wild-caught, far-northern oily fish a couple of times a week - eaten with the skin. And for cooking, rapeseed and olive oil, along with animal fats if you eat those. This ought to bring your 'Omegas' into balance.
John Weiland's oils chart is sort-of useful, but it lumps all polyunsaturates together (3 and 6 are very different for health) and puts them in the centre, not on the opposite side to saturates. This page I googled does it better, and the website's oil descriptions are pretty good, too - though a little out of date.
https://www.skillsyouneed.com/ps/fats-oils.html
Final point: I mostly eat cold-pressed flax (linseed) oil, because it's
very high in omega-3 (60%-ish), and this makes up for the omega-6 it's hard to avoid eating. I buy it cold-pressed in gallon cans by post, direct from the farm, and store it in half-litre glass bottles in the freezer till I need it, when a bottle goes into the fridge. It's OK there for a month or so. I mostly use rapeseed oil for frying, and for body anointing - rub all over every morning. Keeps my skin supple, and is what the world's farming poor do with their oil and fat in warm climates, just as people have been doing since - oh, forever!