In a large mixing bowl, combine the Chex cereal, pretzels, salted peanuts, and M&Ms. Mix to combine.
In a microwave-safe bowl, melt the white chocolate chips with the teaspoon of canola oil until melted and smooth. Do this in slow increments starting with 30-40 seconds and stirring, being careful not to overheat or the chocolate will seize.
Once the chocolate is melted and smooth, pour it over the cereal/candy mixture and mix well until everything is covered with a thin layer of white chocolate.
Pour the coated mixture out onto the lined cookie sheet. Spread and allow to cool completely.
Once cooled, store in an airtight container or bag.
Enjoy!
Recipe by Real Life Dinner at https://reallifedinner.com/white-chocolate-christmas-chex-mix-recipe/