Cubase 7 trying to hear audio...

If you are using the Control Room for monitoring, you should leave the outputs of the the main (mix) output bus, in VST Connections - Outputs, unassigned. You should only assign these if you are using some kind of external recording device for you mixdowns. Then they, obviously, should be assigned to some other audio interface outputs, than those used by monitoring.

About your clicking problem. Have you activated “Click” in the monitor section?