EKJ Foods Inc. Canola Oil Classic. Distinctive. Exceptional. Benefits of Canola Oil Canola oil contains both omega-3 and omega-6 fatty acids, which make it the healthiest cooking oil out there. Canola oil has 7 per cent saturated fat, which helps cut cholesterol levels. It is rich in vitamins E and K, and reduces skin problems and ageing signs like acne, fine lines, wrinkles, blemishes and spots. Canola oil also helps reduce inflammation and joint stiffness.