This should help you with the ball color;
function drawBall (x, y, r) {
    ctx.beginPath();
    ctx.fillStyle = "yellow";
    ctx.arc(x, y, r, 0, Math.PI*2, false);
    ctx.closePath();
    ctx.fill(); //added
    fps++;
}
function drawP1 (h) {
    ctx.fillStyle = '#FF0000';
    ctx.fillRect(0, h, 20, 100);
    //ctx.fill(); // remove in P2 also
    fps++;
    return true;
};
fill() doesn't apply to fillRect(), the latter is drawing a filled rectagle and fill() is to fill pathes.
There's not much you can improve with an simple pong game, but i'll give some general advices for canvas performance:
- fillStyle/strokeStyle calls are expensive, avoid switching colors.
 
- drawing complex shapes is expensive, too. you can draw then and use the pixel api to render them
 
- try to keep rendering and processing separated, this will give you space for improvements
 
- try to use pure js for high FPS games/animations
 
As said, very general advices and might not be appropriate for every case.