Cane Ashby is a fictional character from the soap opera The Young and the Restless. He is portrayed as a charming and complex individual, often involved in various romantic and business storylines. Cane is the son of Colleen Carlton and Philip Chancellor III, which ties him to the wealthy Chancellor family in the show. Throughout his time on the series, Cane has faced numerous challenges, including family conflicts and personal struggles. His relationships with characters like Lily Ashby and Jill Abbott have been central to his development, showcasing themes of love, loyalty, and redemption in the dramatic world of daytime television.