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Uses of Canola Oil Canola oil is a common ingredient in food products, such as mayonnaise, salad dressings, and margarine. Plant-sourced oils like canola oil, once processed, can also be used industrially to formulate lubricants, oils, fuels, soaps, paints, plastics, cosmetics, and ink.
Canola oil has been sold in the U.S. since 1986. Some people call it the healthiest oil. Others say, olive oil comes from olives and peanut oil from peanuts. Does canola oil come from canolas? Read on.