"As rugged" is kind of a questionable call. Polyester/Dacron fabric's lack of stretch can be both a strength (sailcloth, for example, where we need the sail to maintain its designed shape in use) and its weakness, due to its tearing properties. It is prone to what is called "explosive tearing". The nutshell explanation for this concept is that the yarns making up the weave don't work very well together - helping each other to take strains on the cloth and distributing that strain over an area. Instead, it's more like the first yarn trying to take all the strain until it is overpowered and breaks, followed by the second yarn, the third, fourth, etc. This happens quickly. I have seen cases where huge spinnaker sails or large sections of Dacron hot air balloon envelopes suddenly tore all the way from bottom to top or between web reinforcements in a second or two. I can also take a hunk of heavy duty12oz. Dacron sailcloth, cut a small slit, half an inch long in on edge, grab it on either side of the slit and in one quick motion, tear the whole piece in two. I basically just need to apply enough force to pop the first yarn to start the tear.
On a planked canoe hull, where the cloth is not suspended freely, that isn't likely to be a big problem. If, however you run over something sharp enough to snag and puncture the Dacron, its lack of tear strength might allow the tear to quickly get a lot bigger. So, its "ruggedness" may depend most on the type of water you paddle.
On the other hand, Dacron is pretty much moisture proof, so you aren't likely to ever need to worry about it rotting from being in a wet environment. I personally take solace in this as ten years ago they replaced my upper aorta with a piece of Dacron tubing, and at least that part of me still isn't moldy.