I would use coconut oil, not canola. Other than that it looks good and very low carb. I personally would not eat bread but I do make low carb almond muffins which this would be fantastic on.
Melt a square or two of dark chocolate and mix. with peanut butter for a yummy low carb spread .You can also mix the chocolate with butter and a little sweetener
CAROL
There are many sugar alternatives and some people dont like any of them. It sounds like a good recipe, if you make it could you post to let me know how it tasted ect as I love nutella.