Canola OIL and coconut OIL are both edible oils that are widely used in cooking. Canola OIL is made from the crushed seeds of the canola plant, while coconut OIL is made from the flesh of the coconut. Both oils are high in saturated fat, but canola OIL has a lower saturated fat content than coconut OIL. Canola OIL is also higher in monounsaturated fats, which are considered to be healthier than saturated fats. Both oils have a variety of uses in cooking, including baking, frying, and sauteing.