The deal is touted as a groundbreaking new way for the US to generate money in order to bounce back from the tough economic times it has seen in the past couple years. Terms of the deal were not fully disclosed, but those familiar with the negotiations put the final price at around $2.3B USD. The purchased land is rumoured to carry the name "Harper Islands"
Talks are currently underway to determine where exactly the border would dissect the islands. Once those details are worked out, each country will build their own immigration and customs offices in order to make travelling through the islands as painful as possible.
John Hennechuk, Canada's chief Island Procurement Officer was excited to have the contract finally signed.
"This is a huge deal for us, and now that we have our own tropical locale, we'll need to shoot new tourism videos and ensure Europeans that our side of Hawaii is American-free."
The deal has left some Americans stunned, while others welcome the sale as a new way to generate income.
"I can't believe it. I live on the land that was sold to the Canadians, does that mean I'm a Canadian now?" asked one local business owner.
"I don't even like Hawaii, it's full of volcanoes and surfers," commented one New Yorker.
With most of the details still uncertain, one very important and dangerous bit of information has recently leaked to the media.