Canadian Pacific CP.TO gained 2.4% after billionaire investor William Ackman's hedge fund Pershing Square Capital Management reported owning 2.8 million shares of the railroad operator at the end of Dec. 31, according to a regulatory filing on Monday. O/R However, global equities fell as rising oil prices fueled concerns over soaring inflation and slowing economic growth. MKTS/GLOB The materials sector .GSPTTMT, which includes precious and base metals miners and fertilizer companies, added 1.3% as gold futures GCc1 rose 0.4% to $1,972.8 an ounce.