  We use an adaptation of the BzKs technique to select ~40,000 z~2 galaxies (to
K(AB) = 24), including ~5,000 passively evolving (PE) objects (to K(AB) = 23),
from 2.5 deg^2 of deep CFTH imaging. The passive galaxy luminosity function
exhibits a clear peak at R = 22 and a declining faint-end slope ({\alpha} = -
0.12 [+0.16 -0.14]),while that of star-forming galaxies is characterized by a
steep faint-end slope ({\alpha} = -1.43 +- [0.02] (systematic) [+0.05 -0.04]
(random)). The details of the LFs are somewhat sensitive (at <25% level) to
cosmic variance even in these large(~0.5 deg^2) fields, with the D2 field
(located in the COSMOS field) most discrepant from the mean. The shape of the z
~ 2 stellar mass function of passive galaxies is remarkably similar to that at
z ~ 0.9, save for a factor of ~4 lower number density. This similarity suggests
that the same mechanism may be responsible for the formation of passive
galaxies seen at both these epochs. This same formation mechanism may also
operate down to z ~ 0 if the local PE galaxy mass function, known to be
two-component, contains two distinct galaxy populations. This scenario is
qualitatively in agreement with recent phenomenological mass-quenching models
and extends them to span more than three quarters of the history of the
Universe.
