Cantor did not invent the term, it goes back to antiquity. "Latin was a lingua franca, the learned language for scientific and political affairs, for more than a thousand years, being eventually replaced by French in the 18th century and English in the late 19th". In Latin, French and English continuum starts with "c".
Cantor saw himself as confronting the dogma of medieval scholasts "infinitum actu non datur" (actual infinity is not given), which originates in Aristotle, and the arguments supporting it, such as "annihilation of numbers" by infinity. From Dauben's book:
"Cantor condemned this kind of argument, however, on the grounds that it was fallacious to assume that infinite numbers must exhibit the same arithmetic characteristics as did finite numbers... Having dealt with Aristotle and the scholastics, Cantor undertook an investigation of other works by some of the most impressive thinkers of the seventeenth century, a century that witnessed serious and often profound analysis of the nature of infinity. He suggested that anyone interested in such things would do well to consult Locke, Descartes, Spinoza, and Leibniz, while Hobbes and Berkeley were highly recommended as additional reading."
Not many of Cantor's contemporaries were interested in the subtleties of actually infinite (one exception is Dedekind), so most of Cantor's intellectual companions wrote, or were translated into, Latin.
EDIT: After J.W. Perry's comment I looked through Medvedev's book Early History of the Axiom of Choice, where he quotes Cantor's set theoretic papers and letters to Dedekind from 1872 to 1899, and also did not find any instance of him using $\mathfrak{c}$. The earliest usage Medvedev quotes is from Bernstein's paper Über die Reihe der transfiniten Ordnungszahlen in Mathematische Annalen, v.60 (1905), 187-193, where he writes (my translation, direct link to the paper, see p.192):
"Although it remains very likely that $2^{\aleph_0}=\mathfrak{c}=\aleph_1$, so far nobody managed to prove that $2^{\aleph_0}>2^{\aleph_1}$ [sic!]. Therefore, it is not ruled out that $2^{\aleph_0}=2^{\aleph}$, where $\aleph$ is any aleph. In that case $2^{\aleph_0}$ would contain all alephs as subsets..."
In his 1901 dissertation Untersuchungen aus der Mengenlehre, later published in Mathematische Annalen, v.61 (1905), 117-155, but circulated among experts earlier, Bernstein uses Latin transcription for "c" instead, writing "Bezeichnet $c$ de Mächtigkeit des Kontinuums..." (Let $c$ refer to the cardinality of the continuum), despite "Kontinuum" with a "K". Direct link, see p. 133.