Canola and olive oils are both edible oils derived from plants. Canola oil is made from the crushed seeds of the canola plant, while olive oil is made from the fruit of the olive tree. Both oils are widely used in cooking and baking, as well as for medicinal purposes. Canola oil is known for its high levels of monounsaturated fat, while olive oil is known for its high levels of polyunsaturated fat. Both oils are also rich in antioxidants and have been linked to a variety of health benefits.