Amid chilled international relations, many Canadian travellers have decided to skip the U.S. this year. 

Where are high-net-worth Canadians going instead?

We asked Cari Gray, founder of Gray & Co., who curates high-touch, guided trips for discerning Canadians. The Winnipeg native worked for 15 years at Toronto-based Butterfield & Robinson before launching her own firm in 2009. 

In our interview, she spotlights newly popular destinations in Europe as well as some "surprise and delight" locales in Japan, Morocco, Egypt and elsewhere. 

It was one of our most popular articles of the week. 

Where you'll find us

• Check out our homepage for the latest from Canadian Family Offices. 
• If you use LinkedIn, our page is here.
• Feel free to send us feedback at info@CanadianFamilyOffices.com 

Thanks for reading! 

The high yield market continues to find optimism in low default rates supported by significant refinancing activity over the last year, even as the repricing of default risk has been more pronounced among high yield issuers. Meanwhile, in the first quarter of 2025, Canadian telecom powerhouses Rogers Communications and Bell Canada pulled on new financing levers with their inaugural issuance of Canadian hybrid securities. As the team at leading Canadian institutional investment management firm Canso Investment Counsel wrote in their latest Corporate Bond Newsletter, these are very uncertain times. Right now, the team is well positioned with a high-quality and highly liquid portfolio, ready to take advantage of more attractive investment entry points when they do emerge.

The risk of a recession is higher than before

It has been a whirlwind start to Trump’s second presidential term. To illustrate the turmoil that has characterized recent weeks, the team at Canso plotted the daily movements in high yield credit spreads dating back to 1997

This story is brought to you by Canso Investment Counsel Ltd.

Alt investments are soaking up cash in the family office ecosystem. Martha Simmons kicks things off in a video interview with CFO

Once considered secondary, these talents have become essential to long-term success for job candidates

'Donald Trump has created a shift that is probably going to last for your lifetime and mine,' Hewitt says