Not recommended — #24 of 31 Canvas ranks #24 of 31 fabrics for quick drying. It is a poor fabric for this. Ranked on low moisture regain, low weight, and packability — the inverse of absorbency. The top pick is Polypropylene.
Canvas measures 55/100 for breathability, 8% moisture regain, 50/100 warmth, at 380 gsm. Fast drying favours low moisture regain: at 8% Canvas dries at a moderate pace, and 380 gsm keeps it light.