both contain high levels of monounsaturated fatty acids
Olive oil and peanut oil are good examples of oils that contain primarily monounsaturated fat. Even canola oilhas a about a 2:1 ratio of monounsaturated to polyunsaturated fat.
Coconut oil
vegetable oil, canola oil, olive oil, any oil in a can or bottle.
No not at all. if you are making the betty croker cakes, cookies or muffins, it does not matter at all which kind you use. I always use just the oil I have when im baking cupcakes for birthdays and events...
Animal fat, butter, olive oil, canola oil, coconut oil and cocoa butter are reasonable alternatives to palm oil.
There is some transfat in canola oil and has a moderate amount of saturated fats.Personalty I prefer to stick with olive oil. I have found a chart showing the different fats in some of the oils available have a look at the associated link(Breakdown of Fat Types in Various Oils) below.
You must mean that you don't want to use butter... you may substitute butter for olive oil, vegetable oil or canola oil.
Olive oil will not lower cholesterol. What it does is that it does not makes it go higher. Canola oil on the other hand helps lower cholesterol levels.
For a low-cholesterol diet, toss the butter, trans fat margarines, and polyunsaturated oil. Replace them with canola oil, olive oil, or plant sterol spreads.
None or negligible amounts. Canola is made of fat.
Mayonnaise is mostly oil and if it is olive oil or canola oil, then it has some health benefits, such as raising the level of "good cholesterol" a person has. But if it is "regular" mayonnaise, made from a type of oil high in saturated fat, then no, it is not a healthy food.