Jan 14 (Reuters) - Canada's main stock index pared earlier losses to trade higher on Monday, as gains in the materials sector offset losses in energy shares.
* At 9:40 a.m. ET (1440 GMT), the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE was up 14.95 points, or 0.1 percent, at 14,954.13.
* The main index is expected to extend its winning streak to a seventh straight day.
* Six of the index's 11 major sectors were higher, led by a 0.6 percent rise in the materials sector .GSPTTMT .
* The materials group was boosted by shares of Goldcorp Inc G.TO , which jumped 11 percent, after bigger rival Newmont Mining Corp (NYSE:NEM) NEM.N said it would buy the gold miner in a deal worth $10 billion. Miners also got a boost from gold prices, which rose with investors seeking safety after weak Chinese trade data dented risk sentiment and rekindled fears of a global economic slowdown. GOL/
* The weak data from China also took a leg of oil prices, hurting the energy sector .SPTTEN , which edged down 0.2 percent.
* U.S. crude CLc1 prices were down 0.9 percent, while Brent crude LCOc1 shed 0.6 percent. O/R
* Economic data showed that Canadian home prices fell in December for the third consecutive month, led by weakness in Edmonton and Vancouver. On the TSX, 100 issues were higher, while 126 issues declined for a 1.26-to-1 ratio to the downside, with 19.52 traded volume touching million shares.
* Leading gainers on the TSX were shares of Goldcorp, followed by a 4.3 percent rise in Aurora Cannabis ACB.TO .
* Norbord Inc OSB.TO fell 3.6 percent, the most on the TSX, after CIBC cut its rating on shares to "underperform" from "neutral".
* The most heavily traded shares by volume were those of Aurora Cannabis, Goldcorp and Aphria Inc APHA.TO .
* The TSX posted no new 52-week high and no new low.
* Across all Canadian issues, there were four new 52-week highs and one new low, with total volume touching 31.35 million shares.