UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 8-K
                     Current Report Pursuant to Section 13
                    of the Securities Exchange Act of 1934

      Date of Report (Date Earliest Event reported) - November 24, 2004
                                                     (November 18, 2004)

                               MDC PARTNERS INC.
            (Exact name of registrant as specified in its charter)

          Ontario                    001-13718                  98-0364441
    (Jurisdiction of         (Commission File Number)         (IRS Employer
      Incorporation)                                         Identification No.)


              45 Hazelton Ave., Toronto, Ontario, Canada M5R 2E3
             (Address of principal executive offices and zip code)

                                (416) 960-9000
                        (Registrant's Telephone Number)

------------------------------------------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):


[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)


[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)


[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e- 4(c))



<PAGE>


ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

         On November 19, 2004, MDC Partners Inc., a Canadian corporation (the
"Company"), amended its Credit Agreement, dated September 22, 2004 (the
"Credit Agreement"), by and among JPMorgan Chase Bank, The Toronto-Dominion
Bank, Bank of Montreal, Bank of Nova Scotia and Canadian Imperial Bank of
Commerce as lenders, and with the Company, Maxxcom Inc., an Ontario
corporation, and Maxxcom Inc., a Delaware corporation, as borrowers. Pursuant
to such amendment, the lenders (i) extended, until December 22, 2004, the due
date for the Company to deliver to the lenders its interim financial
statements for the period ended September 30, 2004, and (ii) waived the
potential inaccuracy of certain representations and warranties previously made
by the Company under the Credit Agreement relating to the Company's financial
statements. A copy of the amendment is attached hereto as Exhibit 10.1

ITEM 3.01 NOTICE OF FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD;
   TRANSFER OF LISTING.

         (a) On November 18, 2004, MDC Partners Inc. (the "Company") received
a Staff Determination notice from The Nasdaq Stock Market Listing
Qualifications Department, stating that the Company was not in compliance with
Nasdaq's Marketplace Rule 4310(c)(14) because the Company had not filed its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2004 with
the Securities and Exchange Commission on a timely basis. The notice stated
that the Company's securities were subject to delisting from The Nasdaq Stock
Market. Pursuant to Nasdaq convention for companies with late public filings,
commencing at the opening of trading on November 22, 2004, the trading symbol
for the Company's Class A Shares was changed from "MDCA" to "MDCAE". This
trading symbol change will be in effect until the Panel's decision, or the
earlier filing by the Company of its Form 10-Q for the third quarter. A copy
of a press release dated November 22, 2004 relating to the temporary
modification of the Company's Nasdaq trading symbol is attached hereto as
Exhibit 99.1.

         The Company expects to file its quarterly report on Form 10-Q for the
quarter ended September 30, 2004 with the SEC on or prior to November 30,
2004, and believes that such a filing will terminate the procedure for
delisting of the Company's securities from Nasdaq. On November 23, 2004, the
Company requested a hearing with a Nasdaq Listing Qualifications Panel (the
"Panel") for the purpose of seeking continued listing of its securities, which
request will delay the potential delisting until the Panel has made its
decision. If the Company is unable to file its Form 10-Q by December 15, 2004,
there can be no assurance that the Panel, if required to review the matter,
will grant the Company's request for continued listing.

RISKS AND UNCERTAINTIES:

This document contains forward-looking statements. The Company's
representatives may also make forward-looking statements orally from time to
time. Statements in this

                                      2

<PAGE>

document that are not historical facts, including statements about the
Company's beliefs and expectations, constitute forward-looking statements.
These statements are based on current plans, estimates and projections, and
are subject to change based on a number of factors, including those outlined
in this section. Forward-looking statements speak only as of the date they are
made, and the Company undertakes no obligation to update publicly any of them
in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number
of important factors could cause actual results to differ materially from
those contained in any forward-looking statements. Such risk factors include,
but are not limited to, the following:

     o    risks associated with effects of national and regional economic and
          political conditions;
     o    risks arising from the Company's delayed filing with the SEC of its
          Form 10-Q for the quarter ended September 30, 2004, and the
          Company's need to adjust and restate its previously filed financial
          statements for quarterly periods ended June 30, 2004 and March 31,
          2004, and the fiscal year ended December 31, 2003.
     o    the Company's ability to attract new clients and retain existing
          clients;
     o    the financial success of the Company's clients;
     o    the Company's ability to retain and attract key employees;
     o    developments from changes in the regulatory and legal environment;
     o    foreign currency fluctuations; and
     o    the successful completion and integration of acquisitions and equity
          investments which complement and expand the Company's' business
          capabilities.

Investors should carefully consider these risk factors and the additional risk
factors outlined in more detail in the Company's 2003 Form 40-F and other SEC
filings.


ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits

Exhibit 10.1: Amendment No. 1, dated as of November 19, 2004, to the Credit
Agreement, dated as of September 22, 2004, among JPMorgan Chase Bank, The
Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia and Canadian
Imperial Bank of Commerce as lenders, and with MDC Partners Inc., Maxxcom
Inc., an Ontario corporation, and Maxxcom Inc., a Delaware corporation, as
borrowers.

Exhibit 99.1: Press release, dated November 22, 2004, relating to the
temporary modification of the Company's Nasdaq trading symbol.


                                      3

<PAGE>


                                  SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed by the undersigned
hereunto duly authorized.


Date: November 24, 2004                          MDC Partners Inc.

                                                 By:

                                                 /s/ Walter Campbell
                                                 -------------------------
                                                 Walter Campbell,
                                                 Chief Financial Officer



                                      4
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UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549

                                   FORM 8-K
                     Current Report Pursuant to Section 13
                    of the Securities Exchange Act of 1934

      Date of Report (Date Earliest Event reported) - November 24, 2004
                                                     (November 18, 2004)

                               MDC PARTNERS INC.
            (Exact name of registrant as specified in its charter)

          Ontario                    001-13718                  98-0364441
    (Jurisdiction of         (Commission File Number)         (IRS Employer
      Incorporation)                                         Identification No.)

              45 Hazelton Ave., Toronto, Ontario, Canada M5R 2E3
             (Address of principal executive offices and zip code)

                                (416) 960-9000
                        (Registrant's Telephone Number)

------------------------------------------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions (see General Instruction A.2. below):

[ ]  Written communications pursuant to Rule 425 under the Securities Act (17
     CFR 230.425)

[ ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
     CFR 240.14a-12)

[ ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

[ ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e- 4(c))
ITEM 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

         On November 19, 2004, MDC Partners Inc., a Canadian corporation (the
"Company"), amended its Credit Agreement, dated September 22, 2004 (the
"Credit Agreement"), by and among JPMorgan Chase Bank, The Toronto-Dominion
Bank, Bank of Montreal, Bank of Nova Scotia and Canadian Imperial Bank of
Commerce as lenders, and with the Company, Maxxcom Inc., an Ontario
corporation, and Maxxcom Inc., a Delaware corporation, as borrowers. Pursuant
to such amendment, the lenders (i) extended, until December 22, 2004, the due
date for the Company to deliver to the lenders its interim financial
statements for the period ended September 30, 2004, and (ii) waived the
potential inaccuracy of certain representations and warranties previously made
by the Company under the Credit Agreement relating to the Company's financial
statements. A copy of the amendment is attached hereto as Exhibit 10.1

ITEM 3.01 NOTICE OF FAILURE TO SATISFY A CONTINUED LISTING RULE OR STANDARD;
   TRANSFER OF LISTING.

         (a) On November 18, 2004, MDC Partners Inc. (the "Company") received
a Staff Determination notice from The Nasdaq Stock Market Listing
Qualifications Department, stating that the Company was not in compliance with
Nasdaq's Marketplace Rule 4310(c)(14) because the Company had not filed its
Quarterly Report on Form 10-Q for the quarter ended September 30, 2004 with
the Securities and Exchange Commission on a timely basis. The notice stated
that the Company's securities were subject to delisting from The Nasdaq Stock
Market. Pursuant to Nasdaq convention for companies with late public filings,
commencing at the opening of trading on November 22, 2004, the trading symbol
for the Company's Class A Shares was changed from "MDCA" to "MDCAE". This
trading symbol change will be in effect until the Panel's decision, or the
earlier filing by the Company of its Form 10-Q for the third quarter. A copy
of a press release dated November 22, 2004 relating to the temporary
modification of the Company's Nasdaq trading symbol is attached hereto as
Exhibit 99.1.

         The Company expects to file its quarterly report on Form 10-Q for the
quarter ended September 30, 2004 with the SEC on or prior to November 30,
2004, and believes that such a filing will terminate the procedure for
delisting of the Company's securities from Nasdaq. On November 23, 2004, the
Company requested a hearing with a Nasdaq Listing Qualifications Panel (the
"Panel") for the purpose of seeking continued listing of its securities, which
request will delay the potential delisting until the Panel has made its
decision. If the Company is unable to file its Form 10-Q by December 15, 2004,
there can be no assurance that the Panel, if required to review the matter,
will grant the Company's request for continued listing.

RISKS AND UNCERTAINTIES:

This document contains forward-looking statements. The Company's
representatives may also make forward-looking statements orally from time to
time. Statements in this

                                      2
document that are not historical facts, including statements about the
Company's beliefs and expectations, constitute forward-looking statements.
These statements are based on current plans, estimates and projections, and
are subject to change based on a number of factors, including those outlined
in this section. Forward-looking statements speak only as of the date they are
made, and the Company undertakes no obligation to update publicly any of them
in light of new information or future events.

Forward-looking statements involve inherent risks and uncertainties. A number
of important factors could cause actual results to differ materially from
those contained in any forward-looking statements. Such risk factors include,
but are not limited to, the following:

     o    risks associated with effects of national and regional economic and
          political conditions;
     o    risks arising from the Company's delayed filing with the SEC of its
          Form 10-Q for the quarter ended September 30, 2004, and the
          Company's need to adjust and restate its previously filed financial
          statements for quarterly periods ended June 30, 2004 and March 31,
          2004, and the fiscal year ended December 31, 2003.
     o    the Company's ability to attract new clients and retain existing
          clients;
     o    the financial success of the Company's clients;
     o    the Company's ability to retain and attract key employees;
     o    developments from changes in the regulatory and legal environment;
     o    foreign currency fluctuations; and
     o    the successful completion and integration of acquisitions and equity
          investments which complement and expand the Company's' business
          capabilities.

Investors should carefully consider these risk factors and the additional risk
factors outlined in more detail in the Company's 2003 Form 40-F and other SEC
filings.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits

Exhibit 10.1: Amendment No. 1, dated as of November 19, 2004, to the Credit
Agreement, dated as of September 22, 2004, among JPMorgan Chase Bank, The
Toronto-Dominion Bank, Bank of Montreal, Bank of Nova Scotia and Canadian
Imperial Bank of Commerce as lenders, and with MDC Partners Inc., Maxxcom
Inc., an Ontario corporation, and Maxxcom Inc., a Delaware corporation, as
borrowers.

Exhibit 99.1: Press release, dated November 22, 2004, relating to the
temporary modification of the Company's Nasdaq trading symbol.

                                      3
SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed by the undersigned
hereunto duly authorized.

Date: November 24, 2004                          MDC Partners Inc.

                                                 By:

                                                 /s/ Walter Campbell
                                                 -------------------------
                                                 Walter Campbell,
                                                 Chief Financial Officer

                                      4