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The tagging could be over-doaked (hours in water?) or have been mis-printed as such.
I can't imagine that it would be a result of too much soaking. That tagging is just as permanent as the ink used to print the design - the paper would fall apart well before the ink would ever soak off. Since it's a souvenir sheet, too much soaking would just cause the perforations to fall apart. I'd say it's an interesting tagging flaw. Congratulations on finding it, I look through all of my modern Canadian stamps with UV light in the chance of finding something, but it's a rare occurrence when something does show up.
Ryan