As Redtrumpet mentioned, Buchholz relays are common in Canada. (required on conservator design transformers over 7.5MVA by CSA C88)
The Buchholz relay performs two functions:
1) Sudden pressure trip - this based on oil flow to the conservator, so if a sudden rush of oil (or gas) flows to the conservator then the transformer trips. This fuction is can be replaced by a rapid pressure rise relay on a transformer. This provides protection for major faults, (fast expanding gas) and major oil leaks.
2)Gas Accumulation - The Buchholz relay also gathers bubbles rising to the conservator. Once enough gas has accumulated an alarm is set off. This provides early warning alarms for several types of faults: core faults, interturn faults, faulty joints. These types of faults may be detected with some of the new electronic monitoring equipement such as partial discharge or online dissolved gas monitoring, but is much more expensive than a Buchholz.
The buchholz also provides a point for drawing these gasses for analysis, which can provide valuable diagnostic information.
They can only be installed on conservator type transformers, they cannot be fitted on sealed tank design transformers. I'm not sure why they are more popular in Canada, perhaps because of former ties to British electrical companies, or perhaps our large ambient temperature swings.