Canola oil is absolutely safe and nutritious. Families in over 40 nations around the world choose canola oil because it contains the least amount of saturated fat (only 7%) of any common cooking oil and may help protect the heart.
Source: U.S. Food and Drug Administration http://www.fda.gov/Food/IngredientsPackagingLabeling/LabelingNutrition/ucm072958.htm