Uh, NO! What a mess that would be.
Much easier than stretching is to mount your canvas on Gatorfoam with Miracle Muck. IMHO.
Cut the Gator a little smaller than your canvas, except at one of the long sides leave about 1 to 2 inches of Gator exposed. Flatten the canvas over the Gator, run your hands over it to even out the fabric. Tape down the full length of side of the canvas over the exposed Gator, I like blue masking tape for this. From the other end roll up the canvas on a tube, fairly tight. As you roll it up, carefully check for grit on the canvas that would put a bump in your glued down canvas. Likewise wipe down the Gator with a slightly moist paper towel to remove any grit there. With a 9", thin (1/8') foam roller spread Miracle Muck over the canvas, use about 1/2oz of Muck per square foot...measure it out in a plastic cup before starting, then pour it out over the Gator in a sort of zigzag pattern. Try to take no more than 2 minutes to spread out the Muck, don't worry it's easy, don't neglect the edges. Then roll the canvas onto the wet Gator. Put a cotton glove on one hand and smooth it out. This just works so good, I love it.
Your canvas should be slightly larger than the Gator to prevent picking up excess glue from the edges onto the glove and spreading that over your print. With 1/2oz per sq foot that probably won't happen, but have a wad of clean, wet paper towel available to immediately wipe the glue off your print if it does.
Oh, the mounted print will at first curve center-up about 1 to 2 inches, and you will think, OH S**T. Don't worry after about 6 hours it will flatten out to perfection. Really, just take a few deep breaths and wait it out. I promise. If you use way too muck Muck, it will curve up even more, but will still flatten out. HOWEVER, if you use plain old foam core, you will get a curve in the other direction that will never-ever flatten, don't even consider regular foam core, you must only use Gatorfoam. At $50 per 4x8 sheet. I mount prints up to 30x80 with 3/16" Gator, works great!
CAUTION...your canvas should have at least one good coat of GlamourII, Clearshield or whatever before mounting, that's so you can fiercely rub down the print with your cotton-gloved hand without messing up the image. You can continue to coat mounted canvas after about 8 hours when the Muck is dry.
If a member of the Archivalist Guild should knock on your door, just point to the ceiling. When he looks up, kick him in the groin.
Many thanks to Dr. Ward for his inspiration on this technique.
EDIT...tape the gator down to the work surface before spreading the Muck, otherwise it will slip & slide while you spread the highly viscous Muck. If you start with a dry roller, spread out an additional 2 ounces of Muck somewhere on the Gator to account for what the roller will soak up.
Miracle Muck can be bought from...
http://raphaelstoday.com/miraclemuck.aspxtell Jan that Bill sent you.