Not recommended — #31 of 31 Canvas ranks #31 of 31 fabrics for chafe resistance. It is a poor fabric for this. Ranked with a smooth-fibre bonus plus low weight and breathability. The top pick is Silk.
Canvas measures 55/100 for breathability, 8% moisture regain, 50/100 warmth, at 380 gsm. Chafe resistance rewards a smooth, light surface: Canvas has more surface texture at 380 gsm.