In what he called a “very difficult but necessary decision,” Canadian regime leader Justin Trudeau announced on Friday he has unilaterally agreed to sell the Labrador territory to U.S. billionaire George Soros to pay a secret debt to the World Economic Forum.

Under the terms of the agreement made public on Friday, Soros will approve a new constitution for Labrador and install its first government. Those who wish to leave the territory and remain Canadian citizens will be permitted to do so until Dec. 31, and those who remain will become subjects of Soros.

Canadian laws will remain in place, but all references to Her Majesty the Queen will be replaced by Dear Leader George Soros.

Happy Valley-Goose Bay will become the capital of this new quasi-independent nation.

Trudeau said his failed vaccine procurement racked up huge debts with the WEF, especially as the prices of semiconductors skyrocketed during the pandemic, making it much more difficult to acquire the 5G microchips from Bill Gates that were needed to make the vaccines work.

“George and I determined that the best option for him and Canada was to negotiate this sale, along with all natural resources rights, and a non-compete clause that would ensure Canada does not do any oil extraction east of Manitoba for the next 50 years.”

Financial terms of the agreement were not disclosed. “We will invite you to file an access to information request if you want to find out how much Soros paid us. Good luck with that,” Trudeau said.

“But at least we can go back to just calling the province of Newfoundland Newfoundland again.”

The World Economic Forum said it was happy that Canada had finally paid its debt, avoiding an “unfortunate” default that might have led to the entire country being sold off. But it said the suspension of Canadians’ fundamental rights to breathe germs on each other would need to continue for at least another six months, and would be re-evaluated thereafter.

Russian Federation President Vladimir Putin said he was disturbed by what is going on in Canada and said his government was looking into sending a peacekeeping mission to Labrador to protect its citizens.